Beyond Equilibrium and Efficiency by John Geanakoplos, J. Doyne Farmer
Beyond Equilibrium and Efficiency

John Geanakoplos, J. Doyne Farmer

Beyond Equilibrium and Efficiency

John Geanakoplos, J. Doyne Farmer

352 pages first pub 2002 (editions)

nonfiction economics informative medium-paced
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This book presents recent thought on market efficiency, using a complex systems approach to move past equilibrium models and quantify the actual efficiency of markets. The older view that markets are perfectly efficient has come under attack from ...

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