Robert J. Shiller Quotes

In the longer run and for wide-reaching issues, more creative solutions tend to come from imaginative interdisciplinary collaboration.

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.

The ability to focus attention on important things is a defining characteristic of intelligence.

Some of the best theorizing comes after collecting data because then you become aware of another reality.

Money management has been a profession involving a lot of fakery - people saying they can beat the market, and they really can't.

Economics is (now) about emotion and psychology.

I am worried that the collapse of home prices might turn out to be the most severe since the Great Depression.

Consider our difficulties avoiding junk food and overspending. Such addictions were carefully planned-for by professional marketing teams.

Somehow, talking to young students brings you back to reality - it should, anyway.

Liberalism downplays certain of our moral senses: loyalty, authority, and sanctity.

Life's meaning heavily benefits from lifelong bonds.

In the short run and for decisions unlikely to have broad impact, it may be more cost effective to use just one expert.

Marketers know that if people you respect - perhaps laughably including entertainers and athletes - say they like a product, you're more likely to buy.

Each profession has its own toolkit.

There is more uncertainty than usual about job futures because computers are replacing more and more human intelligence, and globalization is proceeding at an accelerating pace.

News media stimulate bubbles, since stories about them boost their audience.

I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk.

Finance is not merely about making money. It's about achieving our deep goals and protecting the fruits of our labor. It's about stewardship and, therefore, about achieving the good society.

People who stay unemployed for a long time start to look like damaged goods, and they don't get such good offers. Also, they're not learning anything. Most learning is on-the-job learning.

The problem is that once we focus on economic policy, much that is not science comes into play. Politics becomes involved, and political posturing is amply rewarded by public attention.