George Soros: The Efficient Market Hypothesis is Dead [VIDEO]

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In this short interview, Institute for New Economic Thinking co-founder George Soros tackles the question at the heart of the Institute’s mission: What’s wrong with economics and what can we do to change it?

George Soros: The Efficient Market Hypothesis is Dead [VIDEO]

“Economic theory needs to be rethought from the ground-up,” Soros says. He specifically criticizes economists who are trying to produce theories that behave like laws in Newtonian physics, which Soros has long believed is impossible.

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To change this, Soros says economics needs to reexamine its own behavior. “You need a new approach with different methods and also different criteria of what is acceptable,” he says. And he says that economic thinking needs to begin addressing real-world policy questions rather than simply creating more mathematical equations.

George Soros video embedded below

H/T MAMTA BADKAR

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