Tag Archives: efficient market hypothesis

Bubble trouble: about asset booms and busts

Assets are items that produce income or retain value across time periods. Gold is a pure store-of-value asset, as it produces no income. Bonds are pure income assets, as they have no value apart from the income they produce–they are best thought of as a congealed money stream, their value being set by that money […]

Put not your faith in labels: naming in the dismal science – guest post by Lorenzo

[SL: A frequent criticism of economics is that the ‘dismal science’ is now too big for its boots: it makes claims in rhetorical language that would do credit to a theologian or philosopher, and often appears to step far outside its remit. This criticism is particularly acute when some large rhetorical claim turns out to […]