Narrative economics : how stories go viral & drive major economic events, with a new preface by the author /
Robert J. Shiller.
- New Jersey : Princeton Publication : 2020.
- xxviii, 377 pages : illustrations ; 21 cm
The Beginnings of Narrative Economics. The bitcoin narratives -- An adventure in consilience -- Contagion, constellation, 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 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 -- Advancing Narrative Economics. Future narratives, future research -- Appendix: Applying epidemic models to economic narratives.
9780691210261 0691210268
Economics--Psychological aspects. Economics--Sociological aspects. Economic history. Économie politique--Aspect psychologique. Histoire économique. Economic history Economics--Psychological aspects Economics--Sociological aspects