[BOOKS] ✭ Narrative Economics Author Robert J Shiller – Pimply.info

Narrative Economics From Nobel Prize Winning Economist And New York Times Bestselling Author Robert Shiller, A New Way To Think About How Popular Stories Help Drive Economic EventsIn A World In Which Internet Troll Farms Attempt To Influence Foreign Elections, Can We Afford To Ignore The Power Of Viral Stories To Affect Economies In This Groundbreaking Book, Nobel Prize Winning Economist And New York Times Bestselling Author Robert Shiller Offers A New Way To Think About The Economy And Economic Change Using A Rich Array Of Historical Examples And Data, Shiller Argues That Studying Popular Stories That Affect Individual And Collective Economic Behavior What He Calls Narrative Economics Has The Potential To Vastly Improve Our Ability To Predict, Prepare For, And Lessen The Damage Of Financial Crises, Recessions, Depressions, And Other Major Economic EventsSpread Through The Public In The Form Of Popular Stories, Ideas Can Go Viral And Move Markets Whether It S The Belief That Tech Stocks Can Only Go Up, That Housing Prices Never Fall, Or That Some Firms Are Too Big To Fail Whether True Or False, Stories Like These Transmitted By Word Of Mouth, By The News Media, And Increasingly By Social Media Drive The Economy By Driving Our Decisions About How And Where To Invest, How Much To Spend And Save, And But Despite The Obvious Importance Of Such Stories, Most Economists Have Paid Little Attention To Them Narrative Economics Sets Out To Change That By Laying The Foundation For A Way Of Understanding How Stories Help Propel Economic Events That Have Had Led To War, Mass Unemployment, And Increased InequalityThe Stories People Tell About Economic Confidence Or Panic, Housing Booms, The American Dream, Or Bitcoin Affect Economic Outcomes Narrative Economics Explains How We Can Begin To Take These Stories Seriously It May Be Robert Shiller S Most Important Book To Date

About the Author: Robert J Shiller

Is a well-known author, some of his books are a fascination for readers like in the Narrative Economics book, this is one of the most wanted Robert J Shiller author readers around the world.

10 thoughts on “Narrative Economics

  1. says:

    The author claims there is a need on economic theory to understand not only metrics, but narratives that create reality and affect economic decisions I think this is the only point where we agree.The first red flag for me is lack of references for Dawkins Memetics, nor Network and Web Science li

  2. says:

    I don t know how he takes bad news I think he denies it, he claims it s a lie I don t know what he ll do if the stock market were to crash now What could he do He would blame the Federal Reserve, that s for sure.

  3. says:

    Falls short of expectations considering all the hype it received before it was released.It is good, but its is behind Irrational Exuberance and probably on par with Animal Spirits

  4. says:

    Good if you haven t already read Shiller s many other books, such as Irrational Exuberance, where this information is already covered Needs to take the next step and ground this hypothesis in some empirical testing But as someone who has studied BOTH linguistics AND economics in grad school, I find the premise intrigui

  5. says:

    The author invites us to look at major US economic events from the past two centuries not just as a simple mix of economic policies and indicators, but also in the light of prevailing economic narratives that spread virally throughout the population The author establishes a link between the spread of economic narratives and ep

  6. says:

    An exploration of how common narratives relate to economic events and trends.The book reviews narratives that coincided with economic upturns, downturns, wars, and hyperinflation Several of the insights are quite interesting and show some of the differences between what we hear after the fact and what people were thinking at the time

  7. says:

    This book is an important addition to the literature of behavorial economics We all remember our parents telling us, that may have not been what you intended, but ultimately, perception becomes reality The seeds of a story impression, interpretation, speculation, etc can metastasize into Shiller s narratives and influence or even drive macroe

  8. says:

    The concept of narratives driving the market is great though I was thinking this way prior to reading this book so I am biased On the other hand, the book didn t point out how to tell which narratives will spread be important For example, while it talked extensively about bitcoin it didn t cover how to tell whether talk about other crypto currencies

  9. says:

    Fun, fascinating and very interesting Expands economics in a very fruitful, but also destabilizing way, which is not a bad thing.

  10. says:

    What to say If it wasn t for Robert Shiller, we wouldn t understand why the world works the way it does.

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