Narrative Economics
by Robert J. Shiller · first published 2019
7mentions
1recommended by
7HN commenters
2019–2023first – last mentioned
14% recommend86% neutral
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…I don't think we can even answer that so it is doomed from the start if we are trying to be objective. If we start over we should just explicitly admit this field is a type of theater. Like Shiller's Narrative Economics is a good start but that is still pretending to be too scientific.
on “A New Macroeconomics?” ↗Just a heads up, Robert Shiller's new course in "Narrative Economics: How Stories Go Viral And Drive Major Economic Events" goes live on Coursera early 2020 ;) https://www.youtube.com/watch?v=yLsG4R8FFOc If you have quantitative skills, I think an alternative to delving…
on “Recommend me resources for self-teaching economics on undergrad level” ↗…author does occasionally blur the line between opinion and facts. I attribute it to writing styles. Similar in nature to another book I quite liked in the past - Wisdom Sits in Places, but less focused. Narrative Economics by Robert Shiller would be unfocused to people who are in the tech industry. Nonetheless, the book serves to give context to people who are textmining. Hopefully some changes to economics arise from this.…
on “Ask HN: Favorite Nonfiction Books of 2019?” ↗…base salary, and save a lot of it To be fair, that comment doesn't exactly align with advising someone against getting a mortgage they can't afford unless they receive a bonus. I'm currently reading "Narrative Economics" by Shiller and it mentions propaganda historically being fed to the poor/middle classes in regards to saving as much money as possible (so banks could profit or earn commish off it)...I'm by no means…
on “Programmers Should Plan for Lower Pay?” ↗…of bimetallism. Bimetallism was the Bitcoin of the times, railroads were the "tech" of the times. Robert Shiller has a very entertaining comparative research between Bitcoin and bimetallism in his book Narrative Economics: https://youtu.be/QV0JrMV5nnc
on “10-year Treasury yield plunges below 0.5%” ↗It has been a nice experiment to prove our intuition about deflationary currency and hording correct. The other interesting aspect is in terms of Robert Shiller's narrative economics. What is most interesting to me is that the narrative economics and contagion were able to morph the currency narrative into something else so that the hording became a feature and not a bug in the narrative.…
on “The promise of crypto has not lived up to its initial excitement” ↗…here on narratives is in sharp counterpoint to the mainstream viewpoint. His focus on epidemiological characteristics of narratives is straight-up brain-candy to me. For those interested in the audio: Narrative Economics [Audio] LSE: Public lectures and events Duration: 1:17:55 Published: Tue, 10 Sep 2019 18:30:00 GMT Episode: http://www.lse.ac.uk/newsAndMedia/videoAndAudio/channels/pub... Media: https://media.rawvoice.com/lse_publiclecturesandevents/richm...…
on “Narrative Economics” ↗