Robert J. Shiller, "Narrative Economics," January 26, 2017
Robert J. Shiller’s Director's Lecture, “Narrative Economics,” addressed narrative psychology in economics and its relation to economic inequality. How society has dealt with inequality in the past is deeply reflective of the narratives that shape our observations of blame and incentivization, Shiller argued. If inequality gets worse as technology continues to replace common labor, society will need to draw on insights from psychology, sociology, and institutional economics to address the problem in a durable way.
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I could never get enough of Professor Shiller 😂😊
Imagine you pay 100's of thousands to go listen to this. Mind bowing!!
LOLOLOLLLL.... feel happy to sit in this free lecture from this school as well as R. Schiller with interesting narrative financial facts. Thanks for U of Chicago.
Still loving this man
Great lecture!
Brilliant yet very simple man Robert Schiller
Excellent I love how he explains
Is Levy just not interested or offended by Shiller publically implying that he did not vote for Trump. Levy seems not to enjoy this discussion/interview. Shiller's paper is only the start of including narratives in an economic framework. Shiller is opening the horizon for this research.
I rarely read a narrative with the word narrative in it.
@13:35 Drops ref to Gustav Le Bon's book "THE CROWD" We're in the deep cuts now!
I am onto it Relax
like Jim Grant you are ignoring the primary cause of the 1920 so called depression. The world war one economy ended during 1919 and the government and export orders, and they were very large relative to the us economy ended very rapidly, with the end of world war one.The epidemic of 1919 would also be an additional negative impact to gross demand in the US at the same time. So factories and labor saw lower capacity use . So the 1920 depression was resolved quickly because it was an external shock of export and federal demand and could be resolved by market adjustments . 1929 was due to the internal workings of the US economy and was intractable until world war 2.
@alinebaruchi1936
2 жыл бұрын
Hellooooo
@alinebaruchi1936
2 жыл бұрын
I'm the ugly skinny bitch Smart, though Kelly and Farrah are busy with affairs
Yeah, I knew. Dude Told you that human behavior is tough
"i think we should be talking to people of different disciplines"
Was the 9 min long intro really needed? It was bad as nearly all these intros are.
@qambi1
3 жыл бұрын
I skipped the initial 9 mins, Thanks
Robert shiller gets it
The truth is faith-based until we are force fed it by machines in a self-fulfilling prophecy circle-jerk. And then some genius re-writes the matrix maybe we don't need the machines (for everything).
Karl Marx!