By Justin Fox

'The Myth of the Rational Market' is on sale now in the UK

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The Book


  • Buy it at Amazon.com
  • Buy it at BarnesandNoble.com
  • Buy it at Borders.com
  • Buy it from your local indie bookseller
  • Buy it in bulk from 800ceoread
  • Is the market rational?
    The 2002 article that got me the book contract.
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Recent Posts

  • 13 hours, 38 minutes of Myth of the Rational Market fun
  • The UK edition is out!
  • From 'yawn-inducing' to one of the year's best
  • 'Myth of the Rational Market' is a New York Times Notable Book
  • Talking efficient markets with Robert Kleinschmidt, Jerry Senser and Consuelo Mack
  • Amazon calls 'Myth of the Rational Market' the best business book of 2009, plus Fama, Bartlett, Samuelson
  • The 76th-best book of the year
  • Fall speaking schedule
  • Ryan Lizza puts Myth of the Rational Market in the New Yorker, and other news
  • 'Myth of the Rational Market' on Big Think and C-SPAN BookTV

Archives

  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
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  • May 2009
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Biography

Author photo

Justin Fox is editorial director of the Harvard Business Review Group and the author of The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street. He also writes a blog for hbr.org and a monthly business and economics column for Time magazine. Before joining HBR Group in 2010, he wrote a weekly column for Time and created the Curious Capitalist blog for Time.com. Previously, Fox spent more than a decade working as a writer and editor at Fortune magazine, where he covered economics, finance, and international business.

 

The Myth of the Rational Market tells the story of the rise and fall of the efficient market hypothesis, the influential but flawed academic theory that financial market prices are rational and correct. The book has been a New York Times and Wall Street Journal bestseller, and a New York Times Notable Book of 2009. It was named the best business book of 2009 by the editors of Amazon.com. In the New York Times Book Review, Paul Krugman called it “a must-read for anyone who wants to understand the mess we’re in,” while in the Wall Street Journal Burton Malkiel described it as “a valuable and highly readable history of risk and reward.”

 

Fox is a regular commentator on the Nightly Business Report on PBS, and appears frequently on CNN, MSNBC, CNBC, Fox Business Channel and various public radio news programs. Most importantly, he’s been a guest on Comedy Central’s The Daily Show With Jon Stewart.

 

Before joining Fortune, Fox worked at several newspapers, including American Banker and the Birmingham (Ala.) News. He is a Young Global Leader of the World Economic Forum, and a graduate of Princeton University. He lives in New York City with his wife and son, but is currently househunting in Boston.

The writer


  • Biography
  • The Curious Capitalist at TIME.com
  • HarperCollins author website

Curious Capitalist posts

Twitter

Time columns and articles

  • Beleaguered Banks Get Ready For Their Big Test
  • Will Obama's Stimulus Package Work?
  • How to Heal the Global Economy
  • Don't Say the D Word
  • Don't Call It Bankruptcy
  • Should the 401(k) Be Killed?
  • Person of the Year Runner-Up: Henry Paulson
  • The Financial Crisis Blame Game
  • Will Washington's Stimulus Plan Work?
  • Fundamentally Strong
  • 18 Tough Questions (and Answers) About the Bailout
  • With Fannie and Freddie, the U.S. Is Bailout Nation
  • While the Regulators Fiddled
  • Behind the Fannie and Freddie Fears
  • Crisis? What Crisis?
  • Can Paulson Save the Economy
  • What's is Obama's Economic Plan?
  • The New President's Economy Problem
  • The New Austerity
  • The Bear Trap
  • Do presidents matter?
  • A gathering storm
  • Can the world stop the slide?
  • The rites of recession
  • The Boomers Hit 62

Justin Foxes of the world, unite!

  • The Minnesotan Sys Admin
  • The progressive young Washingtonian
  • The Minnesota real estate broker
  • The Bronx Science math teacher (who has my nephew in his class!)
  • The budding tennis star
  • The Christian recording artist
  • The Yale political scientist
  • The Australian lawyer
  • The Australian Web designer/artist
  • The South African travel writer