Macroeconomic theories: not even wrong

Flawed and inconsistent mainstream macroeconomic theories such as efficient market hypothesis are dangerous to society, says Alexander Lipton

stochastic-models
Quants must try to build better theories explaining market dynamics

Alexander Lipton is a Connection Science Fellow at MIT and an Adjunct Professor of Mathematics at NYU.

Austria-born physicist and Nobel prizewinner Wolfgang Pauli, who was well k