Narrative economics : how stories go viral and drive major economic events / Robert J. Shiller.
Publisher: Princeton ; Oxford : Princeton University Press, 2019Description: xxii, 377 pages : graphs, charts.Content type: text Media type: still image | unmediated Carrier type: volumeISBN: 9780691182292; 9780691189970.Subject(s): Economics -- Psychological aspects | Economics -- Sociological aspects | Economic history | Economic forecasting | Mass media -- Economic aspects | Social media -- Influence -- Economic aspectsDDC classification: 306.3Item type | Current library | Class number | Status | Date due | Barcode | |
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Book | House of Lords Library - Palace Dewey | 306.3 SHI (Browse shelf(Opens below)) | Available | 017939 |
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.