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Narrative Economics : How Stories Go Viral and Drive Major Economic Events /
"Economists have long based their forecasts on financial aggregates such as price-earnings ratios, asset prices, and exchange rate fluctuations, and used them to produce statistically informed speculations about the future--with limited success. Robert Shiller employs such aggregates in his own...
| Autor principal: | |
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| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Princeton :
Princeton University Press,
[2019]
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| Colección: | Book collections on Project MUSE.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Preface: what is narrative economics?
- Part I: The beginnings of narrative economics
- The bitcoin narratives
- An adventure in consilience
- Contagion, constellations, 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
- Part II: The foundations of narrative economics
- Causality and constellations
- Seven propositions of narrative economics
- Part III: 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
- Part IV: Advancing narrative economics
- Future narratives, future research
- Appendix: Applying epidemic models to economic narratives.