{"product_id":"the-ascent-of-market-efficiency-finance-that-cannot-be-proven-9781501750373","title":"The Ascent of Market Efficiency: Finance That Cannot Be Proven","description":"\u003cp\u003e\u003ci\u003eThe Ascent of Market Efficiency\u003c\/i\u003e weaves together historical narrative and quantitative bibliometric data to detail the path financial economists took in order to form one of the central theories of financial economics--the influential efficient-market hypothesis--which states that the behavior of financial markets is unpredictable.\u003c\/p\u003e\u003cp\u003eAs the notorious quip goes, a blindfolded monkey would do better than a group of experts in selecting a portfolio of securities, simply by throwing darts at the financial pages of a newspaper. How did such a hypothesis come to be so influential in the field of financial economics? How did financial economists turn a lack of evidence about systematic patterns in the behavior of financial markets into a foundational approach to the study of finance?\u003c\/p\u003e\u003cp\u003eEach chapter in Simone Polillo's fascinating meld of economics, science, and sociology focuses on these questions, as well as on collaborative academic networks, and on the values and affects that kept the networks together as they struggled to define what the new field of financial economics should be about. In doing so, he introduces a new dimension--data analysis--to our understanding of the ways knowledge advances.\u003c\/p\u003e\u003cp\u003eThere are patterns in the ways knowledge is produced, and \u003ci\u003eThe Ascent of Market Efficiency\u003c\/i\u003e helps us make sense of these patterns by providing a general framework that can be applied equally to other social and human sciences.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eSimone Polillo is Associate Professor in the Department of Sociology at University of Virginia. He is author of \u003ci\u003eConservatives vs. Wildcats\u003c\/i\u003e. Follow him on X @simpol78.\u003c\/p\u003e\u003cbr\u003e","brand":"Cornell University Press","offers":[{"title":"Default Title","offer_id":50368814154002,"sku":"9781501750373","price":50.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_de2c8c0e-811e-43cb-9f18-dcfffa8f7de0.jpg?v=1728515201","url":"https:\/\/surprise-castle.myshopify.com\/products\/the-ascent-of-market-efficiency-finance-that-cannot-be-proven-9781501750373","provider":"Surprise Castle","version":"1.0","type":"link"}