Actually, it seems to me the concept of "infinite intelligence" applies not just to financial markets, but the economy itself. If the economy is "discovery process" as described by Israel Kirzner in his book on the Theory of Entrepreneurship, then the process you outline as "infinite intelligence" is applicable as a description of a generally "free market" economy.
Actually, it seems to me the concept of "infinite intelligence" applies not just to financial markets, but the economy itself. If the economy is "discovery process" as described by Israel Kirzner in his book on the Theory of Entrepreneurship, then the process you outline as "infinite intelligence" is applicable as a description of a generally "free market" economy.