Shiller, Robert J.,

Narrative economics : how stories go viral and drive major economic events / Robert J. Shiller. - xxii, 377 pages : graphs, charts

I. 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 cubes go viral -- Diverse evidence on virality of economic narratives -- II. The foundations of narrative economics -- Causality and constellations -- Seven propositions of narrative economics -- III. 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 -- IV. Advancing narrative economics -- Future narratives, future research.

9780691182292 9780691189970


Economics--Psychological aspects.
Economics--Sociological aspects.
Economic history.
Economic forecasting.
Mass media--Economic aspects.
Social media--Influence--Economic aspects.

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