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There was more to Fisher than those infamous words. The longtime Yale professor was a successful entrepreneur (he devised and marketed a precursor to the Rolodex), the author of a best-selling textbook on personal hygiene, one of the most prominent backers of Prohibition and a leading eugenicist (that is, he believed the human race could be improved through the weeding out of "degenerates...

Author: /time Magazine | Title: The Myth Of the Rational Market | 6/22/2009 | See Source »

Their evidence? Mutual-fund managers failed as a group to outsmart the market, and studies showed that new information was quickly incorporated into prices. Eugene Fama, a young professor at Chicago's business school, tied all this together in 1969 into what he dubbed the efficient-market hypothesis. "A market in which prices always 'fully reflect' available information is called 'efficient,'" he wrote--and the evidence that such conditions prevailed in the U.S. stock market was "extensive, and (somewhat uniquely in economics) contradictory evidence is sparse...

Author: /time Magazine | Title: The Myth Of the Rational Market | 6/22/2009 | See Source »

...could shout loudest. The book elevates itself with original reporting, some witty asides (a Mitch Albom best seller is slammed as "what Dante would have written had he grown up next door to the Cleavers") and judicious use of examples from American history. With a law professor in the White House, Pierce's thesis and gleeful bashing of the previous Administration ("we have lived through an unprecedented decade of richly empowered hooey") seem a bit dated. But his high-octane ranting and sophisticated prose (he is a contributing writer for Esquire) may well appeal to the already converted...

Author: /time Magazine | Title: The Skimmer | 6/22/2009 | See Source »

...goes with Monologues. Chinese producers first attempted to stage the play in Shanghai in 2004, but the show was canceled after hundreds of tickets had been sold. Officials reportedly told the director, Li Shengying, that the play was "not yet mature." The same year, however, Ai Xioaming, the professor at Sun Yat-sen, staged the play unofficially with students, filming the process for a documentary called The Vagina Monologues: Stories From China. The play ran title and all, thanks, Ai says, to a moratorium on press before opening night. It's a lesson for would-be directors and social activists...

Author: /time Magazine | Title: In China, V Is for The Vagina Monologues | 6/22/2009 | See Source »

...Beijing, the production was billed as The V Monologues. In Shanghai, two months later, the original title was restored. The name change was not endorsed by Ensler's camp, and critics were quick to spot the irony. "The point is to speak it out," says Ai Xioaming, a professor of women's studies at Sun Yat-sen University. But Wang insists that his decision was pragmatic: in Beijing, he could not find a venue unless he changed the title. In Shanghai, conditions were different. "I'm more wise than brave," he told That's Beijing, an English-language publication, ahead...

Author: /time Magazine | Title: In China, V Is for The Vagina Monologues | 6/22/2009 | See Source »

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