Narrative Economics : : How Stories Go Viral and Drive Major Economic Events / / Robert J. Shiller.

From Nobel Prize-winning economist and New York Times bestselling author Robert Shiller, a groundbreaking account of how stories help drive economic events-and why financial panics can spread like epidemic virusesStories people tell-about financial confidence or panic, housing booms, or Bitcoin-can...

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Superior document:Title is part of eBook package: De Gruyter EBOOK PACKAGE Business and Economics 2020 English
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Place / Publishing House:Princeton, NJ : : Princeton University Press, , [2020]
©2019
Year of Publication:2020
Language:English
Online Access:
Physical Description:1 online resource (408 p.) :; 18 b/w illus.
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245 1 0 |a Narrative Economics :  |b How Stories Go Viral and Drive Major Economic Events /  |c Robert J. Shiller. 
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300 |a 1 online resource (408 p.) :  |b 18 b/w illus. 
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505 0 0 |t Frontmatter --   |t Contents --   |t Figures --   |t Preface to the 2020 Paperback Edition --   |t Preface: What Is Narrative Economics? --   |t Acknowledgments --   |t Part I. The Beginnings of Narrative Economics --   |t 1. The Bitcoin Narratives --   |t 2. An Adventure in Consilience --   |t 3. Contagion, Constellations, and Confluence --   |t 4. Why Do Some Narratives Go Viral? --   |t 5. The Laffer Curve and Rubik's Cube Go Viral --   |t 6. Diverse Evidence on the Virality of Economic Narratives --   |t Part II. The Foundations of Narrative Economics --   |t 7. Causality and Constellations --   |t 8. Seven Propositions of Narrative Economics --   |t Part III. Perennial Economic Narratives --   |t 9. Recurrence and Mutation --   |t 10. Panic versus Confidence --   |t 11. Frugality versus Conspicuous Consumption --   |t 12. The Gold Standard versus Bimetallism --   |t 13. Labor- Saving Machines Replace Many Jobs --   |t 14. Automation and Artificial Intelligence Replace Almost All Jobs --   |t 15. Real Estate Booms and Busts --   |t 16. Stock Market Bubbles --   |t 17. Boycotts, Profiteers, and Evil Business --   |t 18. The Wage- Price Spiral and Evil Labor Unions --   |t Part IV. Advancing Narrative Economics --   |t 19. Future Narratives, Future Research --   |t Appendix: Applying Epidemic Models to Economic Narratives --   |t Notes --   |t References --   |t Index 
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520 |a From Nobel Prize-winning economist and New York Times bestselling author Robert Shiller, a groundbreaking account of how stories help drive economic events-and why financial panics can spread like epidemic virusesStories people tell-about financial confidence or panic, housing booms, or Bitcoin-can go viral and powerfully affect economies, but such narratives have traditionally been ignored in economics and finance because they seem anecdotal and unscientific. In this groundbreaking book, Robert Shiller explains why we ignore these stories at our peril-and how we can begin to take them seriously. Using a rich array of examples and data, Shiller argues that studying popular stories that influence individual and collective economic behavior-what he calls "narrative economics"-may vastly improve our ability to predict, prepare for, and lessen the damage of financial crises and other major economic events. The result is nothing less than a new way to think about the economy, economic change, and economics. In a new preface, Shiller reflects on some of the challenges facing narrative economics, discusses the connection between disease epidemics and economic epidemics, and suggests why epidemiology may hold lessons for fighting economic contagions. 
538 |a Mode of access: Internet via World Wide Web. 
546 |a In English. 
588 0 |a Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021) 
650 7 |a BUSINESS & ECONOMICS / Economics / General.  |2 bisacsh 
653 |a 1918 flu epidemic. 
653 |a 1929. 
653 |a COVID-19. 
653 |a Ebola. 
653 |a Great Depression. 
653 |a Great Recession. 
653 |a H1N1. 
653 |a John Maynard Keynes. 
653 |a Spanish flu. 
653 |a Spanish influenza. 
653 |a Wuhan. 
653 |a bank failures. 
653 |a bank runs. 
653 |a behavioral economics. 
653 |a bubble. 
653 |a butterfly effect. 
653 |a chaos theory. 
653 |a co-epidemic. 
653 |a conspiracy theories. 
653 |a consumer confidence. 
653 |a contagion. 
653 |a coronavirus. 
653 |a covid 19. 
653 |a covid. 
653 |a crash. 
653 |a crisis of confidence. 
653 |a crisis. 
653 |a crowd psychology. 
653 |a disease. 
653 |a epidemic. 
653 |a epidemiology. 
653 |a fake news. 
653 |a false narratives. 
653 |a fear. 
653 |a financial. 
653 |a influenza. 
653 |a market. 
653 |a meltdown. 
653 |a mutation. 
653 |a pandemic. 
653 |a panic. 
653 |a polio. 
653 |a stimulus. 
653 |a stock. 
653 |a virality. 
653 |a world financial crisis. 
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