Dr. Robert Shiller, Nobel Laureate in Economics in 2013, will discuss his new book called Narrative Economics. In his talk, he will describe stories that humans have built around a particular environment which can influence human actions and ultimately, collectively, influence the entire economy. These stories can range from believing that tech stocks can only go up, that housing prices can never go down, or that this time is different. In some ways, Shiller’s narrative economics ties into Keynes’ idea of animal spirits, where these spirits are people’s collective belief in an appealing story. Finally, he will share some other gems from his life in the Q&A with USF’s Professor Ludwig Chincarini.
Part of the Silk Lectures Featuring Nobel Laureates
About the Author
Robert J. Shiller is a Nobel Prize–winning economist, the author of the New York Times bestseller Irrational Exuberance, and the coauthor, with George A. Akerlof, of Phishing for Phools and Animal Spirits, among other books (all Princeton). He is Sterling Professor of Economics at Yale University and a regular contributor to the New York Times. He lives in New Haven, Connecticut. Twitter @RobertJShiller