"...markets are fundamentally chaotic, not efficient"?

[Kent Crispin]

On Fri, Apr 11, 1997 at 06:34:48PM -0500, Igor Chudov @ home wrote:
> market efficiency and chaos are not necessarily mutually exlusive
> 
> 	- Igor.

True.  Also, there are two kinds of efficiency.  The "efficient" in 
eg, "efficient market hypothesis" is different from the "efficient" 
in "markets are more efficient than planned economies".

-- 
Kent Crispin				"No reason to get excited",
kent at songbird.com			the thief he kindly spoke...
PGP fingerprint:   B1 8B 72 ED 55 21 5E 44  61 F4 58 0F 72 10 65 55
http://songbird.com/kent/pgp_key.html