Why read Narrative Economics?

Book cover of Narrative Economics: How Stories Go Viral and Drive Major Economic Events

Book description

From Nobel Prize-winning economist and New York Times bestselling author Robert Shiller, a groundbreaking account of how stories help drive economic events-and why financial panics can spread like epidemic viruses

Stories people tell-about financial confidence or panic, housing booms, or Bitcoin-can go viral and powerfully affect economies, but such narratives…

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Why read it?

1 author picked Narrative Economics as one of their favorite books. Why do they recommend it?

Jenny Grant Rankin

Author

Did you know a song by Eddie Cantor triggered the Great Depression?

I was taking Coursera’s free online course on narrative economics with Yale professor Robert Shiller, who was dishing insights like the above when my thirst for even more on the topic was triggered.

I had loved Daniel Kahneman’s Thinking, Fast and Slow concerning behavioral economics and was getting the sense that Shiller’s narrative economics work might be just as Nobel Prize-worthy. If Shiller does get a Nobel nomination or win, this book will let you nod your head knowingly when it happens.

Not only is Shiller’s premise of…

From Jenny's 3 favorite reads in 2023.