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Old news in the 2020s

Revisado: 12-09-22

This is a very slow and laborious criticism of the Efficient Markets hypothesis, and of the ability for most to conveniently beat the market in spite of inefficient markets, and with a dash of why Real is more important than Nominal. Unfortunately most of this knowledge is now commonly accepted and discoverable on the internet. And efficient markets is blatantly false prima facie, which makes the argument against them rather obvious and dull! Shiller's contribution to modern finance can scarcely be overstated, but today a book like this can be safely skipped.

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Repetitive but highly compelling

Revisado: 08-22-22

The first third is very tedious, repeating the same ideas ad nauseam. It's worth powering through to get the full breadth of the book.

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A bit primitive, but nonetheless thought-provoking

Revisado: 08-24-20

Very dull at points, and in 3-5 places unfortunately racist, mostly out of a cognitive dissonance over Britain's imperial colonies and their antithesis to liberty (though ironically the main points of the book argue for the free expression and debate of ideas specifically to correct such errors). From time to time one can discover interesting food for thought where parallels can be drawn to modern cases. However, the arguments for liberty are very first-order and naive, and anyone familiar with the foundational philosophy of the American constitution will find the arguments, while mostly true, nonetheless fairly simplistic (and extremely long-winded despite that). The first 1/3 or so of the Federalist papers, published some 75 years earlier, provide a much more pragmatic argumentation for liberty, not merely in the abstract philosophical sense, but in the sense of a resilient society prepared for persons of ambition and deception. I would recommend this book for adolescents and teenagers as an introduction to libertarian thought, except it's far too slow and boring for them.

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esto le resultó útil a 2 personas

Terribly simplistic and dull!

Revisado: 05-24-20

I could only tolerate 20 minutes 2 1/2 chapters. Reads like "How to win friends and influence people" but way, way more meandering in order to pad out a book that clearly doesn't have enough things to say. This pulp does not represent an earnest attempt to work at the state of the art of Economics in the 1950s.

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Thoughtful and methodical - dryness is the price

Revisado: 05-22-20

I said it all in the title but 15 words are required here. Last two.

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esto le resultó útil a 2 personas