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Director's Lecture

Robert J. Shiller, “Narrative Economics”


Event Summary

Photo by Max Herman

Robert J. Shiller is an economics professor at Yale University, a columnist for the New York Times, and the winner of the 2013 Nobel Prize in Economics, which he shared with University of Chicago economists Eugene F. Fama and Lars Peter Hansen. For his Director's Lecture he investigated how popular narratives develop around economic phenomena and made a case for economists to broaden their inquiries in order to better understand how narratives affect economic activity. The lecture was an early draft of a paper Shiller delivered as the presidential address at the annual meeting of the American Economic Association – and later expanded into the book Narrative Economics: How Stories Go Viral and Drive Major Economic Events.

Related Media

Narrative Economics (Book by Robert J. Shiller drawing on research presented at the Director’s Lecture, Princeton University Press, October 1, 2019)

“Economics and the human instinct for storytelling” (Essay by Robert J. Shiller adapted from his Director’s Lecture, Chicago Booth Review, May 8, 2017)

“Robert Shiller on ‘Narrative Economics’” (Neubauer Collegium, February 17, 2017)

Robert J. Shiller’s 2013 Nobel Prize Lecture