Quarterly Journal of Austrian Economics
Author:
George Bragues
Online Publish Date:
Volume 15, Number 1 (Spring 2012) ABSTRACT: The Efficient Markets Hypothesis (EMH) was dealt a fatal blow by the financial crisis of 2007-2009, out of which we have witnessed a revival of Keynesian conceptions of the financial markets. Exemplifying this trend is the rising influence of behavioral finance. But if EMH exaggerates the rational side