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Profit and Prophet

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Thursday, October 08, 2009

Today we’ll find out how the notion of the rational market helped create the modern financial system – and why it may actually be a myth. Bestselling author Bruce Feiler explores how Moses has shaped America’s character over the past few centuries. Then, Michael Chabon, who's best-known for his novels, discusses his personal essays on what it means to be a man in today's society. Plus, our latest Underreported segments investigate how politicians abuse their Political Action Committee money and what's driving the price spike in gold.

Do you have a commuting story you want to share? Send your essay of 300 words or less to transitstories@wnyc.org by October 14th. Find out more about our Transit Essay Contest here!

Guests:

Michael Chabon and Bruce Feiler

The Myth of the Rational Market

Journalist and columnist Justin Fox discusses the rise and fall of the efficient market theory. In his book The Myth of the Rational Market, he looks at the history of the efficient market theory, how it's evolved into a powerful myth, and why the theory is weakening.

Event: ...

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Moses and the American Story

Bruce Feiler traces the influence of the biblical prophet Moses on American history — from the Mayflower to the founding fathers, from Martin Luther King to today’s leaders. In America’s Prophet: Moses and the American Story, he looks into how Moses has shaped the nation's character.

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Manhood for Amateurs

Michael Chabon talks about what it means to be a man today. His collection of essays, Manhood for Amateurs: The Pleasures and Regrets of a Husband, Father, and Son, is Chabon’s first long work of personal writing, and in it he offers reflections, regrets and reexaminations of his life.

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Underreported: Politicians and their PAC Money

Political Action Committees were established to enable politicians to raise money for their colleagues and support their campaigns. On this week’s Underreported, ProPublica reporter Marcus Stern explains how several law makers are now using their PAC money – from golf outings to casinos to commissioning portraits – and ...

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Underreported: The Golden Bubble?

The price of gold has been reaching record highs this week. On today’s second Underreported, Fortune’s Scott Cendrowski explains why investors are turning to gold and what that says about the global financial markets.

You can read his article on gold here.

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