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    Imperfect Knowledge Economics: Exchange Rates and Risk

    By Michael D. Goldberg

    Hardback Save £20.54 = £36.96

    Posing a challenge to economic orthodoxy, this title asserts that exact models of purposeful human behavior are beyond the reach of economic analysis. It argues that longstanding empirical failures of conventional economic models stem from their futile efforts to make exact predictions about the consequences of rational, self-interested behavior.

    Beyond Mechanical Markets: Asset Price Swings, Risk, and the Role of the State

    By Michael D. Goldberg

    Hardback Save £7.52 = £17.43

    In the wake of the global financial crisis that began in 2007, faith in the rationality of markets has lost ground to a new faith in their irrationality. This title shows how the failure to abandon this assumption hinders our understanding of how markets work, why price swings help allocate...

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