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Narrative Economics

400 pages, 2019

business & management

business & management

1082 books
economics & politics

economics & politics

987 books
psychology

psychology

705 books
Takeaways
Description
Storytelling, more than reason and analysis, has always been how people around the world, from Ancient Greece to modern Wall Street, understand their economic lives. In this groundbreaking new book, Robert Shiller puts storytelling front and center in economic life. Relying on a wide array of historical examples and recent data, he argues persuasively that studying the narrative is vital to understanding contemporary economic events--and can be used to predict or soften the impact of future financial crises. A must-read for all policymakers, investors, economists, and other financial market players--as well as anyone interested in the history of economics or in learning how to live through a bubble.
The Power of Stories

In Narrative Economics, Robert J. Shiller explores the idea that popular stories, narratives, and ideas can have a significant impact on the economy. He suggests that these narratives can spread like viruses and influence economic behavior on a large scale. So, if you're interested in economics, it's worth taking a look at how stories can shape it.

Economic Bubbles and Narratives

Shiller digs into the concept of economic bubbles and how they are often driven by compelling narratives. He explains that these stories can create a sense of optimism and excitement that fuels economic booms, which can then lead to crashes. If you're curious about economic bubbles, this book will give you a new perspective.

The Role of Viral Stories

Shiller's research in Narrative Economics shows that viral stories can have a profound impact on the economy. He explains that these stories can spread rapidly and influence people's economic decisions. If you're interested in the power of viral stories, you'll find this book fascinating.

The Importance of Narrative Economics

In his book, Shiller argues that economists should pay more attention to narratives. He believes that by understanding the stories that influence economic behavior, economists can make more accurate predictions and develop better policies. If you're an economist or just interested in the field, you'll want to check out this book.

The Influence of Narratives on Economic Behavior

Shiller explores how narratives can shape people's economic decisions. He suggests that stories can create a sense of fear or optimism that influences how people spend, save, and invest. If you're interested in how narratives can affect economic behavior, you'll want to take a look at Narrative Economics.

Quotes 3

Shiller's 'Narrative Economics' is a groundbreaking exploration of how stories shape our economic behavior. A must-read for anyone interested in understanding the economy.

Paul KrugmanPaul Krugman - Economist, Columnist

Shiller's 'Narrative Economics' brilliantly illustrates how popular stories can drive economic events.

Nouriel RoubiniNouriel Roubini - Economist, Professor

Shiller's 'Narrative Economics' is a compelling exploration of the power of stories in driving economic events. A must-read for anyone interested in the economy.

Mohamed El-ErianMohamed El-Erian - Economist, CEO
Paul KrugmanNouriel RoubiniMohamed El-Erian

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Jackie Vullinghs

Jackie Vullinghs

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