61 min listen
#12 - Robert Shiller, Narrative Economics
ratings:
Length:
55 minutes
Released:
Apr 22, 2021
Format:
Podcast episode
Description
BioRobert Shiller is a Nobel laureate, meaning he’s won the Nobel prize in economics. He’s a professor of Economics at Yale. He’s written countless papers, articles and books including Irrational Exuberance which predicted both the bubble in equities in the year 2000 as well as the housing crisis. He’s the “Shiller” in the Case-Shiller Indices which is how we measure home prices in this country. And he’s the author of the 2019 book, and main subject of today’s discussion, Narrative Economics.Times1:00 - Intro2:00 - Comments on the state of equity markets6:30 - Narrative Contagion & Constellations11:00 - Neuroscience & narratives15:00 - Constructing narratives17:00 Contagion rate & cross-discipline learning19:00 - Consilience22:30 - Behavioral Economics vs Narrative Economics25:30 - Narratives & Truth / Marketing32:30 - October 29 crash narrative & recent crashes39:00 - How does internet distribution affect the contagion rate?43:00 - His recent Op-ed on 1920s49:00 - Thoughts on inflation Link to his book Narrative EconomicsHis NYT Op-edNarrativemonopoly.comTwitter
Released:
Apr 22, 2021
Format:
Podcast episode
Titles in the series (39)
#2 - Jason Crawford, The Roots of Progress: A conversation with Jason Crawford, author of The Roots of Progress by The Narrative Monopoly