Robert J. Shiller is Professor of Economics at Yale University and the co-creator of the Case-Shiller Index of US house prices. He is the author of Irrational Exuberance, the second edition of which predicted the coming collapse of the real-estate bubble, and, most recently, Finance and the Good Society.
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Robert J. Shiller
Commentaries by Robert J. Shiller
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Austerity and Demoralization
NEW HAVEN – The high unemployment that we have today in Europe, the United States, and elsewhere is a tragedy, not just because of the aggre…
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Debt-Friendly Stimulus
NEW HAVEN – With much of the global economy apparently trapped in a long and painful austerity-induced slump, it is time to admit that the t…
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A Metaphor for Obama
NEW HAVEN – As US President Barack Obama begins his second term, he needs a simple way to express his vision and policies for the economy – …
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A Man Without a Plan
NEW HAVEN – During the United States’ recent presidential election campaign, public-opinion polls consistently showed that the economy – and…
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The Narrative Structure of Global Weakening
NEW HAVEN – Recent indications of a weakening global economy have led many people to wonder how pervasive poor economic performance will be …
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Bubbles without Markets
NEW HAVEN - A speculative bubble is a social epidemic whose contagion is mediated by price movements. News of price increase enriches the ea…
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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…
Austerity and Demoralization
Heriberto Arribas: We can join ideas of Laffer and Ludd. In the 80 or 90 we reach the maximum and now started down the branch. Ludd's solution is not a good idea, or even solution. I recommend reading "The Revolt of the…
Austerity and Demoralization
jim bridgeman: Try out this idea in 1913. Thanks to new technologies we can grow enough food for everyone if 30% of us work full-time on the farm. It seems that full-time farm work by 30% of us is going to doom th…