PLAY PODCASTS
WS MoreOrLess: Nobel Prize puzzle

WS MoreOrLess: Nobel Prize puzzle

Tim Harford tells the story of how two economists who disagree with each other have...

More or Less · BBC Radio 4

October 19, 20139m 35s

Show Notes

Tim Harford tells the story of how two economists who disagree with each other have been jointly awarded the Nobel Prize. Eugene Fama has shown that stock markets are efficient, while Robert Shiller has shown that they're not. Tim interviews both professors about their findings, and this apparent contradiction.