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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (38686)	11/17/2009 3:02:19 PM
From: TimF	Read Replies (1) \| Respond to of 71588

Not direct at all, they are really very different concepts. But since your never going to accept that, I'll reply - so what. If one is a direct outgrowth of the other and can't exist without it, arguments against the outgrowth still aren't arguments against the older idea. And getting back to the original point - Neither recent nor older arguments against the efficient markets hypothesis, amount to support for your statement - "Adam Smith's "Invisible Hand" CANNOT FUNCTION as the highest/best allocator of resources WITHOUT market participants having as close to "perfect knowledge" as is possible." Message 26096556