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Economics

Narrative Economics: How Stories Go Viral & Drive Major Economic Events by Robert J Shiller
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Narrative Economics: How Stories Go Viral & Drive Major Economic Events

by Robert J Shiller

In this book Nobel-prize winning economist Robert J Shiller looks at the influence of popular story-telling (narratives) on economic activity and explores how research in this area could improve our understanding of financial crashes and other major economic events.

Our interview with Robert Shiller was on ‘capitalism and human nature‘, with some excellent book recommendations.

Five Books review

Nobel-prize winning author Robert J Shiller looks at how the birth and dissemination of narratives—that is, stories that claim to explain things—can affect economic activity.  He argues that narratives exercise a powerful influence on human behaviour and can grow to dominate a population (and, equally, can die out) in much the same way as an epidemic disease. He argues that understanding how narratives can affect economic activity will provide a rich seam of future research for economists.  It is area of research whose time has come.  Social media provide a new and powerful means of propagating narratives. At the same time modern methods of data generation and collection have opened up new possibilities for the analysis and understanding of these trends.

Other books by Robert J Shiller

The New Financial Order by Robert J Shiller

The New Financial Order
by Robert J Shiller

The Subprime Solution by Robert J Shiller

The Subprime Solution
by Robert J Shiller

Animal Spirits George Akerlof and Robert Shiller

Animal Spirits
George Akerlof and Robert Shiller

Irrational Exuberance by Robert J Shiller

Irrational Exuberance
by Robert J Shiller

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  • The Wealth and Poverty of Nations
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    by Robert L Heilbroner

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    The Wealth of Nations
    by Adam Smith

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