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The product description for the book you quoted:

> Debunking Economics exposes what many non-economists may have suspected and a minority of economists have long known: that economic theory is not only unpalatable, but also plain wrong.

Plainly alludes to the fact that the book is not mainstream economic theory. People arguing for minority views of complex subjects find — rightly — that the burden of proof is on them, and not the other way around.

Related: it’s not in the least bit surprising to see the book make an appeal to common sense over “those experts”. Truly we live in the age of Trump and Farage.



And Sharpe and Fama, which he quotes expressing doubts about empirical validity of EMH, are mainstream?

But you can only lead horse to a water..


What's your opinion on Mandelbrot?




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