Narrative Economics
Robert J. Shiller
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 events
In 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 events.
Spread 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&mdashl;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 more. 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 inequality.
The 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.
Duration - 19h 37m.
Author - Robert J. Shiller.
Narrator - Susan Osman.
Published Date - Thursday, 19 January 2023.
Copyright - © 2019 Robert J. Shiller ©.
Location:
United States
Networks:
Robert J. Shiller
Susan Osman
Princeton University Press
English Audiobooks
Findaway Audiobooks
Description:
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 events In 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 events. Spread 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&mdashl;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 more. 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 inequality. The 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. Duration - 19h 37m. Author - Robert J. Shiller. Narrator - Susan Osman. Published Date - Thursday, 19 January 2023. Copyright - © 2019 Robert J. Shiller ©.
Language:
English
Opening Credits
Duration:00:00:15
Preface: What is Narrative Economics?
Duration:00:24:56
Acknowledgments
Duration:00:04:38
Part 1 The Beginnings of Narrative Economics: Chapter 1 The Bitcoin Narratives
Duration:00:22:31
Part 1 The Beginnings of Narrative Economics: Chapter 2 An Adventure in Consilience
Duration:00:13:18
Part 1 The Beginnings of Narrative Economics: Chapter 3 Contagion, Constellations, and Confluence
Duration:00:26:27
Part 1 The Beginnings of Narrative Economics: Chapter 4 Why Do Some Narratives Go Viral?
Duration:00:23:41
Part 1 The Beginnings of Narrative Economics: Chapter 5 The Laffer Curve and Rubik's Cube Go Viral
Duration:00:26:56
Part 1 The Beginnings of Narrative Economics: Chapter 6 Diverse Evidence on the Virality of Economic Narratives
Duration:00:37:53
Part 2 The Foundations of Narrative Economics: Chapter 7 Causailty and Constellations
Duration:00:38:28
Part 2 The Foundations of Narrative Economics: Chapter 8 Seven Propositions of Narrative Economics
Duration:00:40:59
Part 3 Perennial Economic Narratives: Chapter 9 Recurrence and Mutation
Duration:00:15:54
Part 3 Perennial Economic Narratives: Chapter 10 Panic Versus Confidence
Duration:00:48:26
Part 3 Perennial Economic Narratives: Chapter 11 Frugality Versus Conspicuous Consumption
Duration:00:45:37
Part 3 Perennial Economic Narratives: Chapter 12 The Gold Standard Versus Bimetallism
Duration:00:41:39
Part 3 Perennial Economic Narratives: Chapter 13 Labor-Saving Machines Replace Many Jobs
Duration:00:51:05
Part 3 Perennial Economic Narratives: Chapter 14 Automation and Artificial Intelligence Replace Almost All Jobs
Duration:00:35:27
Part 3 Perennial Economic Narratives: Chapter 15 Real Estate Booms and Busts
Duration:00:37:56
Part 3 Perennial Economic Narratives: Chapter 15 Stock Market Bubbles
Duration:00:24:21
Part 3 Perennial Economic Narratives: Chapter 17 Boycotts, Profiteers and Evil Business
Duration:00:44:17
Part 3 Perennial Economic Narratives: Chapter 18 The Wage-Price Spiral and Evil Labor Unions
Duration:00:20:58
Part 4 Advancing Narrative Economics: Chapter 19 Future Narratives, Future Research
Duration:00:41:02
Ending Credits
Duration:00:00:41