October 21, 2019
6:00 pm - 8:00 pm
Berman Room, USF
Narrative Economics. How Stories that Humans Tell Can Shape the Economy
Dr. Robert Shiller, Nobel Laureate in Economics in 2013, will discuss his new book called Narrative Economics. In his talk, he will describe stories that humans have built around a particular environment which can influence human actions and ultimately, collectively, influence the entire economy. These stories can range from believing that tech stocks can only go up, that housing prices can never go down, or that this time is different. In some ways, Shiller’s narrative economics ties into Keynes’ idea of animal spirits, where these spirits are people’s collective belief in an appealing story. Finally, he will share some other gems from his life in the Q&A with USF’s Professor Ludwig Chincarini.
MORE ON SPEAKER:
Robert J. Shiller is Sterling Professor of Economics, Department of Economics and Cowles Foundation for Research in Economics, Yale University, and Professor of Finance and Fellow at the International Center for Finance, Yale School of Management. He received his B.A. from the University of Michigan in 1967 and his Ph.D. in economics from the Massachusetts Institute of Technology in 1972. He has written on financial markets, financial innovation, behavioral economics, macroeconomics, real estate, statistical methods, and on public attitudes, opinions, and moral judgments regarding markets. He writes a regular column “Finance in the 21st Century” for Project Syndicate, which publishes around the world, and “Economic View” for The New York Times.