Economist Samuelson thought efficient markets rarely truly existed

12/22/2009 | Economist (free content), The

The recent death of economist Paul Samuelson was widely viewed as the departure of the last great general economist of modern time. He was the first American to become a Nobel laureate in economics. He likely was the most influential economist in the latter half of the 20th century. Samuelson said efficient markets rarely existed anywhere but in theory. In the real world, markets need to be regulated, he said.

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Economist (free content), The

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