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Economics is (now) about emotion and psychology.

Robert J. Shiller

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Robert J. Shiller
Age: 78
Born: 1946
Born: March 29
Economist
Pedagogue
University Teacher
Writer
Detroit
Michigan
Robert James Shiller
Bob Shiller
Robert Shiller
Challenges
Provoking
Psychology
Economics
Inspire
Emotion

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Somehow, talking to young students brings you back to reality - it should, anyway.
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The ability to focus attention on important things is a defining characteristic of intelligence.
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I am worried that the collapse of home prices might turn out to be the most severe since the Great Depression.
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Marketers know that if people you respect - perhaps laughably including entertainers and athletes - say they like a product, you're more likely to buy.
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Each profession has its own toolkit.
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Liberalism downplays certain of our moral senses: loyalty, authority, and sanctity.
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I have argued that we need livelihood insurance, which would protect people against the risk of seeing their skills and expertise no longer needed. Such insurance could be offered by the private sector.
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Money management has been a profession involving a lot of fakery - people saying they can beat the market, and they really can't.
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In the short run and for decisions unlikely to have broad impact, it may be more cost effective to use just one expert.
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It amazes me how people are often more willing to act based on little or no data than to use data that is a challenge to assemble.
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