Robert Shiller on How Human Psychology Drives the Economy | The New School
Economy | Information | History | Online | Facts | World | Global | Money
Study non-profit management, urban and environmental policy, human resources, and international affairs at the Milano School, a part of The New School in New York City. | http://www.newschool.edu/milano 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. Graduate Program in International Affairs (GPIA) | http://gpia.info Schwartz Center for Economic Policy Analysis (SCEPA) | http://newschool.edu/nssr/schwartz-center * Location: Tishman Auditorium, Alvin Johnson/J. M. Kaplan Hall. 02/18/2009 6:00 p.m. - 8:00 p.m.
Comments
-
Shiller, come on, this is done on purpose - it is not due to complacency. The wealthy control the media (5 multinational corporations) they don't want people to know what is going on - just like in 2008. If you are someone who tells the truth, guess what - you get fired or you are simply ignored, demonized or marginalized. The biggest transfer of wealth in history has happened since 2008 - please - this is more of the same, maybe you are part of the problem.
-
Brad Delong is a shill for Obama - who pretends that the republicans and democrats are not the same. Hey, Brad - they are the same, they are both funded by big banks, lets not get into knit picking that Obama didn't lie about who was on his financial team and then say "well what were people thinking - all you had to do was look at his team and you would have known what he was going to do. EVEN THOUGH THAT WAS NOT WHAT HIS ACTUAL LIPS WERE SAYING. Funny thing Delong is that people actually expect when a person says something and is very passionate about it, that guess what, that when a person is elected on "change" and says they are going to prosecute big banks for their lying and thieving. Sorry, the average American is too busy and too over worked to realize that they need to read between the lines.
-
WHY DOES THAT BITCH MAKE NOISES THE WHOLE TIME???!!!!?
-
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. -
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
-
I'm going to make one more comment here about this system we have. It amazes me how our business leaders, policy leaders etc. are so gung ho to deregulate all of our business industries. Their views on deregulation seem to be that industries and business's can govern themselves far better than lawmakers can govern them so we need to keep our hands off.
So we have this system that lets business leaders in cahoots with lawmakers do as they wish. We have to stay out of their business. So why is it that we need to stay out of everyone's business but the Fed feels such a need to meddle in the markets and regulate/micro manage markets by controlling interest rates. What's wrong with letting the markets work just like letting business work? What is the Fed so afraid of? Why can't they just let the markets work?
I think we have it backwards. Maybe, we should be paying a little more attention to our business and policy leaders, and a little less attention to our markets.
The correction didn't happen in 2008 as most think. The correction is coming and that's what the Fed and our lawmakers are so afraid of. In the meantime, the well connected are gaming the system. -
S&P volatility from 2011 to 2014 has certainly changed.
I agree with the financial watchdog recommendation. Someone should be watching and getting our Federal Reserve, Lawmakers, and Big Business under control and letting the markets work. They are all connected and bringing our country down. It's one thing to recommend these things from an academia point of view but not too practical. Here in the middle of 2014 we are dealing with the same bubbles all over again. We will have the same busts again and it is because of those who are in control, who are supposed to be looking out for us, are not looking our for us. They are pocketing fortunes at our expense.
You see, none of this money has made it down to the average guy and gal. We've had 5 years and all this stimulus has done nothing but make the Fatcats at Wall Street, and Washington richer. Its done nothing for the average guy. 5 years is more than enough time. IT HASN'T WORKED. -
I enjoy watching all your public appearance and lectures. Thank you for the great wisdom and knowledge!
-
Read the book six months ago. Terrific book, thoughtful explanation of many events through behavioral economic concepts
-
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.
-
yes sir. penny stocks have been booming in past 2 years and thats the great way to make money from trading fast. be mature and do this, Best way to invest your money in stocks is to be a member of a renowned professional assistance team. have a try now here >> bit.ly/13NWsPW?=hnkltu
-
I believe this is the reason why the US economy is up to their eyeballs in debt, economist like Krugman and Shiller are calling for more government intervention.
-
THANK YOU.
-
Ummmmmmmmm......
-
we will see ... I hope in favour of all
-
Rofl if fundamentals drive markets, why is there so much noise-trading? EMH is just a big myth and bullshit. Ketchupeconomics and nothing more.
-
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.
-
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 ...
-
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.
-
The heart of a company’s performance is hardwired to the hearts of its managers. Your values are your essence: an undistorted mirror showing you at your pure, attractive best. Check us out at slapCompany
0m 0sLenght
143Rating