Narrative economics : how stories go viral & drive major economic events / by Robert J. Shiller
By: Shiller, Robert J.Publisher: Princeton, N.J. : Princeton University Press, 2019Description: electronic resource.ISBN: 9780691182292.Subject(s): Economy | Society | SociologyOnline resources: Download Audiobook
|Item type||Home library||Call number||URL||Status||Notes||Date due||Barcode||Item reserves|
|Audiobook||International||Overdrive Audiobook (Browse shelf)||Link to resource||Audiobook||11 hours, 14 minutes|
THE BEGINNINGS OF NARRATIVE ECONOMICS: The bitcoin narratives -- An adventure in consilience -- Contagion, constellations, 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 standards 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.
Argues that studying popular stories in the media enables us to predict, prepare for and lessen the damage of financial crises and recessions. Suggests that whether stories are true or false, they propel economic events that lead to wars, mass unemployment and increased inequality.