TY - BOOK AU - Shiller,Robert J. TI - Narrative economics: how stories go viral and drive major economic events SN - 9780691182292 U1 - 306.3 PY - 2019/// CY - Princeton, Oxford : PB - Princeton University Press KW - Economics KW - Psychological aspects KW - Sociological aspects KW - Economic history KW - Economic forecasting KW - Mass media KW - Economic aspects KW - Social media KW - Influence N1 - 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 ER -