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Narrative Economics: The Stories That Build and Break Markets
Robert Shiller's 'Narrative Economics' unveils how pervasive stories, often more powerful than data, shape our economic decisions, driving market trends and influencing collective financial behavior.
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“Robert Shiller's 'Narrative Economics' unveils how pervasive stories, often more powerful than data, shape our economic decisions, driving market trends and influencing collective financial behavior.”
— Robert Shiller, Narrative Economics: The Stories That Build and Break Markets
stories, economy, narratives
For anyone seeking to understand why markets often defy rational prediction, this book offers a crucial mental model for discerning how pervasive, emotionally charged narratives drive collective economic behavior, enabling you to anticipate the hidden forces behind booms, busts, and the very construction of financial reality.
Nobel laureate Robert Shiller, renowned for his groundbreaking work on financial markets and behavioral economics, offers an essential framework for understanding how human stories, not just data, fundamentally shape our economic world.