Web of Finance
|Jul 23, 2007 3:45 pm
||Book recommendation: The Origin of Wealth; Web of Finance reloaded...
| Adrian Scott|
I'm rebooting the Web of Finance. I will mainly be posting recommendations of readings, tools and such, along with occasional commentary.
I have created a companion Network for discussion, available at http://financeconv-network.ryze.com/
I will post these posts there, where they can be replied to and discussed.
This post is regarding the book: The Origin of Wealth.
It is quite a read and well worth the price of admission. The great thing is that it discusses the flaws in traditional academic theory and how academic finance and economics took a detour into fantasyland for many years, and discusses how behavioral finance and complexity show how, um, irrational the previous theories were in their assumptions.
But even better than that is how the author combines it all to point out the very good companion to the inefficiency of free markets, which I will disclose in a later post. I haven't seen anyone bring it all together in quite this way. It should be an eye-opener for those who are not sold on free markets.
More details at:
coming soon... Web of Finance Network, the rebirth...
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