> assuming a fully efficient market (which it is not, see different bubbles in past few decades)
Well, I think it's part of the book to speak in favor of free markets as opposed to centrally planned "markets" (such as prices for money, e.g., interest rate).
If you're criticizing an underlying assumption, then of course I can also go ahead and criticize parts of mathematics for some of their axioms. Yet, that doesn't make mathematics wrong, only more limited in scope.
Well, I think it's part of the book to speak in favor of free markets as opposed to centrally planned "markets" (such as prices for money, e.g., interest rate).
If you're criticizing an underlying assumption, then of course I can also go ahead and criticize parts of mathematics for some of their axioms. Yet, that doesn't make mathematics wrong, only more limited in scope.