Robert J. Shiller
What’s inside
In ‘Narrative Economics’, Robert J. Shiller, a Nobel Prize-winning economist, explores how viral stories or narratives influence economic events and shape financial markets. Shiller argues that these narratives, spreading through word of mouth, news, and social media, significantly impact economic decisions and can fuel speculative bubbles, economic crises, and other major economic phenomena. He emphasizes the need to understand and analyze these stories to better predict and manage economic outcomes. The book combines insights from economics, psychology, and history to illustrate how narratives have driven economic events throughout history and continue to do so today.
You’ll Learn
- Understanding the impact of narratives on economic events
- Learning to predict market trends by analyzing stories
- Gaining insights into the role of psychology in economics
- Enhancing awareness of how media influences financial markets
Key Points
- The Power of Viral Stories in Economics
- Analyzing Economic Events Through Narratives
- The Role of Media in Spreading Economic Narratives
- Psychological Insights into Economic Decision Making
- Historical Examples of Narrative-Driven Economic Events
- The Impact of Technology on Narrative Spread
- Strategies for Predicting and Managing Economic Events Through Narratives
Who’s it For
- Economists
- Financial Analysts
- Marketing Professionals
- Policy Makers
- Social Scientists
- General Readers interested in Economics
About the author
Robert J. Shiller is a renowned economist, academic, and bestselling author. He was awarded the Nobel Prize in Economic Sciences in 2013 for his empirical analysis of asset prices. A distinguished professor at Yale University, Shiller’s work extends beyond economics to psychology and sociology, making significant contributions to understanding market volatility and dynamics.