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Tag Archives: market expectations
Market Price Fluctuations Revisited (Inspired by “The Wealth of Nations”)
In my post “Market Fluctuations Should Be Explained in Microeconomics Textbooks” I argue that without taking into account fluctuations of the market price the basic theory of demand and supply is not complete, in fact, it is deficient and biased, … Continue reading
The Efficient Markets Theory: Is It Correct?
The YES answer Charles Wheelan in his famous book “Naked Economics” sounds very convincing in his presentation of this line of thought. He writes: “The problem is that everyone else has access to the same information. This is the essence … Continue reading
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