 |
| Eugene Fama receiving the inaugural Morgan Stanley-American Finance Association Award from Rick Green (Photo credit: Wikipedia) |
“If you are getting attacked by Krugman, you must be doing something right.” — Eugene Fama
Related source » Interview with Eugene Fama : The New Yorker: 'via Blog this'
[This related source is recommended in its entirety.] h/t Newmark's Door
“[John Cassidy] I met Eugene Fama in his office at the Booth School of Business. I began by pointing out that the efficient markets hypothesis, which he promulgated in the nineteen-sixties and nineteen-seventies, had come in for a lot of criticism since the financial crisis began in 1987, and I asked Fama how he thought the theory, which says prices of financial assets accurately reflect all of the available information about economic fundamentals, had fared.
[…]
[John Cassidy] Thanks very much. Finally, before I go, what about Paul Krugman’s recent piece in the New York Times Magazine, in which he attacked Chicago economics and the efficient markets hypothesis. What did you think of it?
[Eugene Fama] (Laughs) My attitude is this: if you are getting attacked by Krugman, you must be doing something right.”
— John Cassidy, January 13, 2010 (newyorker.com)
Krugman's Nobel is a "Gore-Obama Class" award, which should be renamed the "Krugman-Gore-Obama Class" award.
Post 2,055 “Nobel-worthy; not Nobel-worthy; Krugman-Gore-Obama”
No comments:
Post a Comment