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Jesse's Café Américain

“Some economists, when thinking about long memory, are concerned that it undercuts the Efficient Market Hypothesis that prices fully reflect all relevant information; that the random walk is the best metaphor to describe such markets; and that you cannot beat such an unpredictable market. Well, the Efficient Market Hypothesis is no more than that, a hypothesis. Many a grand theory has died under the onslaught of real data.” Benoît B. Mandelbrot

26 October 2014

Naomi Klein on Global Neoliberalism









Posted by Jesse at 3:00 PM
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Category: austerity, corporatism, neo-colonialism, NeoLiberalism, Washington Consensus
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