Robert J. Shiller is Professor of Economics at Yale University and the co-creator of the Case-Shiller Index of US house prices. His book Irrational Exuberance presciently warned of the dot-com bubble, and a second edition, released in 2005, predicted the coming collapse of the real-estate bubble. His most recent book, co-written with George Akerlof, is Animal Spirits: How Human Psychology Drives the Economy and Why It Matters for Global Capitalism.
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Robert J. Shiller
Commentaries by this author
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My Speech to the Finance Graduates
NEW HAVEN – At this time of year, at graduation ceremonies in America and elsewhere, those about to leave university often hear some final w…
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The Euro’s Imagined Community
NEW HAVEN – Great significance – probably too much – has been attached to a possible breakup of the eurozone. Many believe that such a break…
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Does Austerity Promote Economic Growth?
NEW HAVEN – In his classic Fable of the Bees: or, Private Vices, Publick Benefits(1724), Bernard Mandeville, the Dutch-born British philosop…
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The Neuroeconomics Revolution
NEW HAVEN – Economics is at the start of a revolution that is traceable to an unexpected source: medical schools and their research faciliti…
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The Great Debt Scare
NEW HAVEN – It might not seem that Europe’s sovereign-debt crisis and growing concern about the United States’ debt position should shake ba…
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Debt and Delusion
NEW HAVEN – Economists like to talk about thresholds that, if crossed, spell trouble. Usually there is an element of truth in what they say.…
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Economy, Insure Thyself
NEW HAVEN – The basic principle of financial risk management is sharing. The more broadly diversified our financial portfolios, the more peo…
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Bubble Spotting
NEW HAVEN – People frequently ask me, as someone who has written on market speculation, where the next big speculative bubble is likely to b…
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A People’s Economics
NEW HAVEN – We are in the midst of a boom in popular economics: books, articles, blogs, public lectures, all followed closely by the general…
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Shorting Fiscal Consolidation
NEW HAVEN – Real long-term interest rates – that is, interest rates on inflation-protected bonds – have fallen to historic lows in much of t…
My Speech to the Finance Graduates
Zsolt Hermann I would have a less inspiring and sobering speech for those graduates the article mentions in the first paragraph. Most of our problems today stem from the fact that we lost the proper cause and effe…
My Speech to the Finance Graduates
devis dialabank In order to ensure an orderly evolution of finance from a niche segment into the mainstream international financial markets, it is vital to further enhance the industry's capabilities for cross-border…