Showing posts with label efficient markets hypothesis. Show all posts
Showing posts with label efficient markets hypothesis. Show all posts

Wednesday, July 25, 2012

A Gem from Chomsky on the Stupidity of Neoclassical Economics

The gem comes from 1.41 to the end of the video, thought one has to watch the whole video to appreciate his remark on the stupidity of the efficient markets hypothesis and the housing bubble. After he makes his final comment, the deadpan silence that follows is the funniest thing I have seen all week.