December 17, 2009

What Happened to "Efficient Markets"?

  • Peter J. Boettke

    Director, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
Contact us
To speak with a scholar or learn more on this topic, visit our contact page.

The financial crisis of 2008 has challenged the reputation of the free-market economy in the public imagination in a way that it has not been challenged since the Great Depression. In a time of extreme economic adjustment, it is important to remind everyone how markets in fact work. As explained in this article, “efficient” markets are evident every day on Wall Street, as well as on Main Street, whether we are living through “good times” or “bad times.”

Read this article at the Independent Review.