04363cam a2200517 i 4500 21485670 OSt 20260911153742.0 200331t20202019njua b 001 0 eng d 2020936098 9780691210261 (paperback) 0691210268 (paperback) 9780691182292 (cloth) 9780691189970 (ebook) 21485670 (OCoLC)1143348426 YDX eng YDX BDX OCLCQ GZD OCLCF TULIB CTU OCLCQ OCLCO DLC rda lccopycat HB74.P8 S47 2020 330 330 Shiller, Robert J., author. Narrative economics : how stories go viral & drive major economic events, with a new preface by the author / Robert J. Shiller. How stories go viral & drive major economic events How stories go viral and drive major economic events Princeton, New Jersey : Princeton University Press, 2020. ©2019 xxviii, 377 pages : illustrations ; 21 cm text txt rdacontent unmediated n rdamedia volume nc rdacarrier Includes bibliographical references (pages 325-349) and index. The Beginnings of Narrative Economics. The bitcoin narratives -- An adventure in consilience -- Contagion, constellation, and confluence -- Why do some narratives go viral? -- The laffer curve and Rubik's Cube go viral -- Diverse evidence on the virality of economic narratives -- The Foundations of Narrative Economics. Causality and constellations -- Seven propositions of narrative economics -- Perennial Economic Narratives. Recurrence and mutation -- Panic versus confidence -- Frugality versus conspicuous consumption -- The gold standard versus bimetallism -- Labor-saving machines replace many jobs -- Automation and artificial intelligence replace almost all jobs -- Real estate booms and busts -- Stock market bubbles -- Boycotts, profiteers, and evil business -- The wage-price spiral and evil labor unions -- Advancing Narrative Economics. Future narratives, future research -- Appendix: Applying epidemic models to economic narratives. "In a world in which internet troll farms attempt to influence foreign elections, can we afford to ignore the power of viral stories to affect economies? In this groundbreaking book, Nobel Prize-winning economist and New York Times bestselling author Robert Shiller offers a new way to think about the economy and economic change. Using a rich array of historical examples and data, Shiller argues that studying popular stories that affect individual and collective economic behavior--what he calls 'narrative economics'--has the potential to vastly improve our ability to predict, prepare for, and lessen the damage of financial crises, recessions, depressions, and other major economic events. Spread through the public in the form of popular stories, ideas can go viral and move markets--whether it's the belief that tech stocks can only go up, that housing prices never fall, or that some firms are too big to fail. Whether true or false, stories like these--transmitted by word of mouth, by the news media, and increasingly by social media--drive the economy by driving our decisions about how and where to invest, how much to spend and save, and more. But despite the obvious importance of such stories, most economists have paid little attention to them. Narrative Economics sets out to change that by laying the foundation for a way of understanding how stories help propel economic events that have had led to war, mass unemployment, and increased inequality"--Provided by publisher Economics Psychological aspects. Economics Sociological aspects. Economic history. Économie politique Aspect psychologique. Histoire économique. Economic history fast (OCoLC)fst00901974 Economics Psychological aspects fast (OCoLC)fst00902172 Economics Sociological aspects fast (OCoLC)fst00902213 7 cbc copycat 2 ncip 20 y-gencatlg ddc BK 0 2650 2650 0 0 ddc 0 0 NFIC CamTech CamTech GEC 2026-09-11 Purchase 30.00 0 0000003214 330 ROB 2026-09-11 15:38:51 C.1 30.00 2026-09-11 BK