Robert Shiller on How Human Psychology Drives the Economy | The New School
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- Опубликовано: 6 окт 2024
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Professor Robert Shiller, will present the annual Irene and Bernard L. Schwartz lecture titled Animal Spirits: How Human Psychology Drives the Economy, and Why it Matters for Global Capitalism, focusing on the current economic crisis and its causes and consequences. The lecture will be based on Professor Shillers upcoming book of the same title, which is co-authored with George Akerlof, Koshland Professor of Economics at University of California, Berkeley and Nobel Laureate. A panel discussion and question and answer session, will follow the lecture with Professor Brad DeLong, professor of Economics, University of California Berkeley, Teresa Ghilarducci, Irene and Bernard L. Schwartz Professor of Economic Policy Analysis, The New School for Social Research; Director, SCEPA and Jeff Madrick, seniors fellow, SCEPA, The New School for Social Research.
Robert J. Shiller is the Arthur M. Okun Professor of Economics, and Cowles Foundation for Research in Economics at Yale University. He is also professor of Finance and Fellow at the International Center for Finance at Yale School of Management. He has written about financial markets, financial innovation, behavioral economics, macroeconomics, real estate, and statistical methods, as well as on public attitudes, opinions, and moral judgments regarding markets.
Brad DeLong is a professor in the Department of Economics at U.C. Berkeley; chair of the Berkeley International and Area Studies Political Economy major; a research associate at the National Bureau of Economic Research; and a visiting scholar at the Federal Reserve Bank of San Francisco. From 1993 to 1995 he worked for the U.S. Treasury as a deputy assistant secretary for economic policy.
The Schwartz Center for Economic Policy Analysisis the economic policy research arm of The New School for Social Researchs Department of Economics. Each year the center hosts economic policy workshops, publishes topical policy notes, and sponsors newsworthy lectures by top economists and financial leaders. SCEPAs work is supported in part by a generous gift from Irene and Bernard L. Schwartz.
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Location: Tishman Auditorium, Alvin Johnson/J. M. Kaplan Hall. 02/18/2009 6:00 p.m. - 8:00 p.m.
Robert Shiller starts @ 6:00
your welcome macroecon class
I enjoy watching all your public appearance and lectures. Thank you for the great wisdom and knowledge!
Another perspective you could consider is how people trade in the market, fear and anticipation of growth can drive the entire market even if its based on nothing more than speculation.
Read the book six months ago. Terrific book, thoughtful explanation of many events through behavioral economic concepts
It's an incredible video, somebody has this video in spanish version, I would greatly appreciate looking at it in Spanish, because the english version has some special economics terms, difficult to understand, thanks so much.
thanks for uploading a great lecture
Robert Shiller ist einfach klasse
we will see ... I hope in favour of all
one thing he does not mention is that if you sold a home back then, you had to buy a more expensive one to avoid huge taxes on the profit. therefore you were stuck with debt no matter what. what do you do w the house that is more expensive? and the next? ea time you sell you have to buy more expensive homes to stay out of tax debt
Is it live or pre-recorded
PCK:
I have yet to see any market predictor to be right more than 50% time. It reminds me Alan Greenspan statement on Long Term Capital before Congress "Sometimes smart people do dumb things". Now I will change that statement to "Sometimes smart people say dumb things.
Smart people don't generally say dumb things, they say things that might not make sense - because you are looking at what they are saying from the wrong perspective. Follow the money and you will realize that smart people are not saying dumb things - you will come to realize that they have an agenda, and that usually involves the rich getting richer. Now how dumb is that? What has happened while the FED was under Mr. Greenspan's tenure? The rich got richer? Who is dumb? Maybe it is you, who actually is unable to see what is happening.
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Thats nice, but at the current state of the US economy, mr Shillers ideas would be a bit to costly to handle. Typical of Keynesians, he lacks any respect for kapital and sound judgement about it's use. He never talks about the downsides of these policys. I'm not an EMT guy, but it scares me that economists like him have so much power today. The Keynesian theory is not yet complete, and that short-sightedness may be a very destructive force when used incorrectly.
*500*
And can you name one economical reason, or are you just putting out your not reflected thoughts? Maybe you should do some serious economical research. Problem is that we are in a liquidity trap as Japan. And if now everybody is deleveraging - what is happening - we end in a total mess, if government isnt increasing its consume. Google "balance sheet recession" and start to learn ...
boring but thanks anyway ladys