The Inefficient Everything Hypothesis

February 14th, 2011 § 0 comments

The Efficient Markets Hypothesis may be looking a bit shabby after the financial crisis. But it’s still looking pretty damn good compared to any other area of public life. Where’s the Efficient Media Hypothesis? The Efficient Academia Hypotheis? The Efficient Politics Hypothesis? The Efficient Courts Hypothesis? Anybody eve proposing them would be laughed out of the room.

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