Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
ArticlesNewsFlowGold & Silver PricesMarket Briefing
In the same category

Mark Blyth: Why People Continue to Believe Stupid Economic Ideas

IMG Auteur
Jesse
Le Cafe Americain
Published : August 24th, 2018
129 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Disclaimer
Category : GoldWire

If you want to read a more rigorous analysis of a where economic principles go wrong, read Benoit Mandelbrot's The Misbehaviour of Markets in which he discusses modern risk models and the efficient market hypothesis that emanate from Fama, Black, Merton and Scholes.

Blyth says that people believe dumb ideas because they don't have anything better.

I think they do so because the professionals are strongly motivated to believe them, and often rewarded to persuade the great mass of people who don't know any better to believe them as well.

How else can we explain the renaissance of economic trickle down theory, which seems to reappear in every new era of economic control frauds and chicanery, and is as great a canard as the natural efficiency of unregulated markets.
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
MOST READ
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Gold Editorials | Gold Resource News | Gold Fundamental | Gold Discoveries and Drilling Results | Gold Exploration and drilling | Gold In the News and Medias | Gold Most Read Press Releases | List of Copper mining companies | List of Lithium mining companies | List of Lead mining companies | List of Nickel mining companies | List of Zinc mining companies | List of Gold mining companies | List of Silver mining companies | List of Platinum mining companies | List of Diamonds mining companies | 金銀市價 | सोने_की_कीमत_और_रजत | Precio del oro y plata | أسعار_الذهب_الفضة | ราคาทองคำและเงิน | gold und silberwechselkurs
Contact us Privacy policy Disclaimer About us
copyright 24hGold