Economists should study financial markets as they actually operate, not as they assume them to operate—observing the way in which information is actually processed, observing the serial correlations, bonanzas, and sudden stops, not assuming these away as noise around the edges of efficient and rational markets.

— Adair Turner, Baron Turner of Ecchinswell Economics after the crisis : objectives and means (2012)

More quotes by Adair Turner, Baron Turner of Ecchinswell

Economics after the crisis : objectives and means (2012)

Economics after the crisis : objectives and means (2012)

Economics after the crisis : objectives and means (2012)

Quote text and notes from Wikiquote: Adair Turner, Baron Turner of Ecchinswell (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.