John Cassidy is a journalist at the New Yorker and a contributor to the New York Review of Books. He is the author of Dot.con: The Greatest Story Ever Sold. He lives in New York City.
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Behind the alarming financial headlines is a little-known story of bad ideas. For over fifty years, economists have been developing elegant theories of how markets work. What about when markets don’t work? What about when they lead to stock-market b... SEE MORE