Tag Archives: narrative economics

Christoph Gisiger interviews Robert Shiller about his new book, Narrative Economics. Robert Shiller also provides some general financial advice based on CAPE. Interestingly, Robert Shiller is one of the chief influencers of the economic and financial narratives of both the day and the times, and his influence spills over into the social and political narratives, too. One of the powerful influencers of those narratives is the Nobel Prize, which Riksbank undoubtedly knew when they...

Short review of Richard J. Shiller's Narrative Economics. (The links are important.) How narratives shape presumptions as hidden assumptions, expectations and confidence that affect risk appetite, and behavior, including economic behavior, questioning how "rational" homo economicus actually is.  The post suggests the importance to TPTB of maintaining narrative control. Stumbling and MumblingNarrative Economics: a reviewChris Dillow | Investors Chronicle

Diane Coyle reviews Robert Shiller's new book, Narrative Economics: How Stories Go Viral and Drive Major Economic Events, on the power of narrative, i.e., story. The most ancient from of knowledge transmission in social reproduction was myth. Mythos means "story" in Greek. Ancient cultures were characterized by teaching stories. This so-called primitive technology (concepts and numbers) still works to influence. Why? Because it is holistic, engaging the spectrum of human response. MMT...