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Re: Re:Efficiency of the markets

An excellent summary that we should think of including (when we get the
version) somewhere near the start of our manifesto.

Professor Prabhu Guptara
Director, Organisational and Executive Development
Wolfsberg Executive Development Centre
(a subsidiary of UBS AG)
CH-8272 Ermatingen
Tel: + 41.71.663.5605
Fax: +41.71.663.5590
e-mail: prabhu.guptara@ubs.com

______________________________ Reply Separator
Subject: Re:Efficiency of the markets
Author:  kssasty (kssasty@hd1.vsnl.net.in) at nyuxuu
Date:    15.11.98 06:00
Sorry, if I am putting the clock back in the debate. But it is important 
that we face this issue of efficiency vs.equity squarely if for the reason 
that it would acquire a momentum now that a dissenter of the mainstream 
economics has been awarded a Nobel Prize.
We are evolving public policy and, hence, what is required is not 
sophistication of the theory but its basic soundness.

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