Narrative Economics

Storytelling, more than reason and analysis, has always been how people around the world, from Ancient Greece to modern Wall Street, understand their economic lives. In this groundbreaking new book, Robert Shiller puts storytelling front and center in economic life. Relying on a wide array of historical examples and recent data, he argues persuasively that studying the narrative is vital to understanding contemporary economic events--and can be used to predict or soften the impact of future financial crises. A must-read for all policymakers, investors, economists, and other financial market players--as well as anyone interested in the history of economics or in learning how to live through a bubble.