Narrative Economics: How Stories Go Viral and Drive Major Economic Events Audiobook (Free)

An audiobook narrated by esteemed BBC tv journalist and anchor Susan Orman, with an introduction read by the writer himself-Nobel Prize-winning economist and bestselling article writer Robert Shiller

In a world where internet troll farms try to influence foreign elections, can we afford to disregard the power of viral stories to affect economies? With this groundbreaking publication, Nobel Prize-winning economist and New York Times bestselling writer Robert Shiller presents a new way to think about about Narrative Economics: How Stories Go Viral and Get Major Economic Events the economy and economic switch. Using a rich array of traditional illustrations and data, Shiller argues that studying popular stories that affect specific and collective financial behavior-what he phone calls ‘narrative economics’-has the potential to greatly improve our ability to predict, plan, and lessen the harm of monetary crises, recessions, depressions, and various other major economic occasions.

Spread through the general public by means of popular tales, ideas can move viral and move markets-whether it’s the perception that tech stocks can only rise, that housing prices hardly ever fall, or that some companies are too large to fail. Whether accurate or false, stories like these-transmitted by person to person, by the news headlines media, and more and more by sociable media-drive the overall economy by traveling our decisions about how exactly and where you can invest, just how much to invest and conserve, and more. But regardless of the obvious importance of such tales, most economists possess paid little attention to them. Narrative Economics sets out to change that by laying the foundation for a means of focusing on how tales help propel economic events which have had resulted in war, mass unemployment, and improved inequality.

The stories people tell-about economic self-confidence or panic, casing booms, the American wish, or Bitcoin-affect economic outcomes. Narrative Economics explains how we will start to consider these stories seriously. It might be Robert Shiller’s most important book to day.