“The entire history of economics can be summed up in a deconstruction of the initial postulate of market efficiency”

Grandstand. At the end of the XVIIand century in Great Britain, classical political economy is constructed against the state of the Ancien Régime, and denounces the many corsets it imposes on the economy. For the “classics”, Adam Smith, David Ricardo, John Stuart Mill (or in France, Jean-Baptiste Say), the “invisible hand” of competition in markets…

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