# Research by Prof. Thomas Philippon finds the finance is industry inefficient

1 Faculty News March 2, 2012 ![Huffington Post logo](/sites/default/files/styles/246w/public/assets/images/huffpost192x144.jpg?itok=sF2Y0c9v)>

Excerpt from [The Huffington Post](http://www.huffingtonpost.com/2012/03/01/wall-street-inefficient_n_1314922.html?ref=business) -- "[Philippon's](http://www.stern.nyu.edu/faculty/bio/thomas-philippon) conclusion -- based on an analysis of the financial sector's output in recent decades, as well as what its workers have been collecting in profits and wages -- is that high finance is highly inefficient."

[Read more](http://www.huffingtonpost.com/2012/03/01/wall-street-inefficient_n_1314922.html?ref=business)