1.   Capital market theory is not a single theory, rather it is a collection of theories which try to explain and predict market behaviour.

2.   Capital market theory is an exercise in positive economics.

3.   On the other hand, those who support the efficient market theory have made substantial cases for the irrelevance of dividends.

4.   In free market economic theory, perfectly competitive markets achieve an efficient allocation of resources by balancing demand and supply through the price mechanism.

5.   Among economists, this so-called efficient market theory is just that, a theory, reflecting a Platonic ideal of the marketplace.

6.   After President Reagan named him chairman of the SEC, Shad moved quickly to take control of it, foster deregulation and put his free market theories into practice.

7.   It took a few centuries to distill the wisdom of Gekko from market theory.

8.   Market theory has, happily, triumphed in economics around the world.

9.   Market theory suggests that schools competing for customers will be forced to improve performance.

10.   Of course, in the real world, efficient market theory has lots of holes.