Algemeen·NRC·8 jun

Want to know the future? Don’t trust the stockmarket

„If economists wished to study the horse,” a dismal scientist once joked, „they wouldn’t go and look at horses. They’d sit in their studies and say to themselves: ‘What would I do if I were a horse?’” But at least horses tend to be spared such attention; finance types are not. And one economic idea is especially liable to get them snorting with impatience and asking whether the person who cites it has been near a trading floor.