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Beyond Mechanical Markets by Michael D. Goldberg, Roman Frydman

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Acknowledgments

WE ARE ENORMOUSLY grateful to Peter Dougherty of Princeton University Press for encouraging us to write this book. His guidance inspired us to rethink and extend an article on how placing imperfect knowledge at the center of macroeconomics and finance theory could help us to better understand the issues posed by the financial crisis that began in 2007. His unstinting belief that the technical findings from Imperfect Knowledge Economics: Exchange Rates and Risk (Princeton University Press, 2007) could, if presented in nonspecialist language, contribute to the public debate was the crucial catalyst for this book.

We have benefited tremendously from illuminating discussions about modern macroeconomics, stretching over decades, with ...

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