FINANCIAL TIMES: Markets are good at some things and bad at others

Press/Media: Expert comment

Release date: 23/8/2017

Description

Sir, Martin Sandbu is right when he says that crises are caused by the market’s failure to price assets correctly, but wrong when he suggests that this could be corrected with more honesty, and that Hayek had not perceived the problem (“From Lenin to Lehman — the big lies”, August 16).

Media coverage

TitleMarkets are good at some things and bad at others
Media name/outletFinancial Times
Media typeWeb
CountryUnited Kingdom
Date23/08/17
DescriptionSir, Martin Sandbu is right when he says that crises are caused by the market’s failure to price assets correctly, but wrong when he suggests that this could be corrected with more honesty, and that Hayek had not perceived the problem (“From Lenin to Lehman — the big lies”, August 16).
URLhttps://www.ft.com/content/23b40eb4-8371-11e7-94e2-c5b903247afd
PersonsRichard Christian