Nobel Laureate Robert J. Shiller: Is Russia’s National Character Authoritarian?
NEW HAVEN – Russia’s aggression against Ukraine and the Russian public’s acquiescence in direct government control of news media have many people wondering if Russians are predisposed to authoritarianism. More...
Nobel Laureate Robert Shiller: Crowdfunding or Crowdphishing?
If one were seeking a perfect example of why it’s so hard to make financial markets work well, one would not have to look further than the difficulties and controversies surrounding crowdfunding in the United More...
Nobel Laureate Robert J. Shiller: Fraud, Fools, and Financial Markets
Adam Smith famously wrote of the “invisible hand, ” by which individuals’ pursuit of self-interest in free, competitive markets advances the interest of society as a whole. And Smith was right: Free More...
Nobel Laureate Robert Shiller: The Mirage of the Financial Singularity
In their new book The Incredible Shrinking Alpha, Larry E. Swedroe and Andrew L. Berkin describe an investment environment populated by increasingly sophisticated analysts who rely on big data, powerful computers, More...
Nobel Laureate Robert Shiller: How Scary Is the Bond Market?
The prices of long-term government bonds have been running very high in recent years (that is, their yields have been very low). In the United States, the 30-year Treasury bond yield reached a record low More...
Nobel Laureate Robert Shiller: What Good Are Economists?
Since the global financial crisis and recession of 2007-2009, criticism of the economics profession has intensified. The failure of all but a few professional economists to forecast the episode – More...
Nobel Laureate Robert Shiller: Creativity, Corporatism, and Crowds
– Economic growth, as we learned long ago from the works of economists like MIT’s Robert M. Solow, is largely driven by learning and innovation, not just saving and the accumulation of capital. More...
Nobel Laureate Robert Shiller: Parallels to 1937
– The depression that followed the stock-market crash of 1929 took a turn for the worse eight years later, and recovery came only with the enormous economic stimulus provided by World War II, a conflict More...
Nobel Laureate Robert Shiller : Booming Until It Hurts?
– In recent months, concern has intensified among the world’s financial experts and news media that overheated asset markets – real estate, equities, and long-term bonds – could lead to More...
Nobel Laureate Prof. Robert Shiller : Inequality Disaster Prevention
– Thomas Piketty’s impressive and much-discussed book Capital in the Twenty-First Century has brought considerable attention to the problem of rising economic inequality. But it is not strong on solutions. More...