Comments on: “I don’t have an awful lot of confidence in market prices.”

By: dover_beach

dover_beach — Fri, 30 Jul 2010 07:32:08 +0000

Sorry RL, I’ve been conversing with Homer so I find it takes a while before I’ve fully re-calibrated my ‘taking the piss’ metre.

By: Rococo Liberal

Rococo Liberal — Fri, 30 Jul 2010 07:16:40 +0000

I was extracting the urine.

By: dover_beach

dover_beach — Fri, 30 Jul 2010 06:58:11 +0000

RL, see Steve’s first paragraph.

By: Rococo Liberal

Rococo Liberal — Fri, 30 Jul 2010 06:55:14 +0000

Lariats?

By: dover_beach

dover_beach — Thu, 29 Jul 2010 23:43:00 +0000

I don’t have an awful lot of confidence in market prices.

Following this, I don’t have a awful lot of confidence in Nobel laureates or even Lauriats.

By: .

Thu, 29 Jul 2010 21:32:15 +0000

The prices would then correct. Academic integrity y’know…

By: asf

asf — Thu, 29 Jul 2010 15:39:22 +0000

How come folks who think market prices are usually wrong aren’t filthy rich then?

Put your money where your mouth is.

By: Samuel J

Samuel J — Thu, 29 Jul 2010 10:49:41 +0000

Stiglitz did some excellent work with Akerlof and Spence on information asymmetry. But that was a long time ago. He was recognised for this with the 2001 The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (there is no Nobel Prize in Economics).

But it has been downhill since – he has largely expressed irrelevant and irrational views that suggests my dementia statement may not be entirely in jest.

By: daddy dave

daddy dave — Thu, 29 Jul 2010 09:49:04 +0000

kudos for the use of a “not equals” sign, FDB.

By: Adrien

Adrien — Thu, 29 Jul 2010 09:44:57 +0000

“…is not my way of thinking about economics” ? “…is not an economist’s way of thinking”.
.
I do have to say that from my first essay at Uni (on Marx) and ever since the argument that markets don’t work as well as something else has never held water very long.