„If stability and efficiency required that there existed markets that extended infinitely far into the future — and these markets clearly did not exist — what assurance do we have of the stability and efficiency of the capitalist system?“

Autobiographical Essay (2001)

Übernommen aus Wikiquote. Letzte Aktualisierung 3. Juni 2021. Geschichte
Joseph E. Stiglitz Foto
Joseph E. Stiglitz1
US-amerikanischer Wirtschaftswissenschaftler 1943

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Adair Turner, Baron Turner of Ecchinswell Foto

„Even in financial markets, the concept of market efficiency does not hold.“

—  Paul Ormerod, buch The Death of Economics

Part II, Chapter 8, The Dynamics of Unemployment, p. 176
The Death of Economics (1994)

Benjamin Graham Foto
Steve Keen Foto

„If financial markets aren't efficient, then what are they? According to the 'fractal market hypothesis', they are highly unstable dynamic systems that generate stock prices which appear random, but behind which lie deterministic patterns.“

—  Steve Keen Australian economist 1953

Quelle: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 11, Finance And Economic Breakdown, p. 243

Nicholas Barr Foto
Robert Costanza Foto

„Dioxin is the outcome of the operations of markets. Does this mean that having dioxin in the environment is efficient?“

—  Harvey S. Rosen American economist 1949

Quelle: Public Finance - International Edition - Sixth Edition, Chapter 5, Externalities, p. 79

Steve Keen Foto

„Trusting souls who accept economic assurances that markets are efficient are unlikely to fare any better this time when the Bull gives way to the Bear.“

—  Steve Keen Australian economist 1953

Quelle: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 10, The Price Is Not Right, p. 215

Ha-Joon Chang Foto

„Financial markets need to become less, not more, efficient.“

—  Ha-Joon Chang, buch 23 Things They Don't Tell You About Capitalism

Thing 22
23 Things They Don't Tell You About Capitalism (2010)

Milton Friedman Foto

„Corruption is government intrusion into market efficiencies in the form of regulations.“

—  Milton Friedman American economist, statistician, and writer 1912 - 2006

Frequently misattributed to Milton Friedman based on a monologue from the 2005 movie Syriana
Misattributed

Marianne Williamson Foto
Nicholas Barr Foto

„Markets can be efficient or inefficient; so can governments. thus market failure is a counterpoint to government failure.“

—  Nicholas Barr British economist 1943

Quelle: Economics Of The Welfare State (Fourth Edition), Chapter 4, State Intervention, p. 93

Eric Hobsbawm Foto

„Human beings are not efficiently designed for a capitalist system of production.“

—  Eric Hobsbawm, buch The Age of Extremes

Quelle: The Age of Extremes (1992), p. 414.

Robert Costanza Foto
Steve Keen Foto

„Since in reality the stock market is inhabited by mere mortals, there is no way that the stock market can be efficient in the way that economists define the term.“

—  Steve Keen Australian economist 1953

Quelle: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 10, The Price Is Not Right, p. 216

Geoffrey Hodgson Foto
Paul A. Samuelson Foto

„Moral: free markets do not stabilize themselves. Zero regulating is vastly suboptimal to rational regulating. Libertarianism is its own worst enemy!“

—  Paul A. Samuelson American economist 1915 - 2009

New millennium, An Enjoyable Life Puzzling Over Modern Finance Theory, 2009

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