Robert J. Shiller quotes - page 2

Robert J. Shiller is an American economist recognized for his influential work in behavioral economics and financial markets. His research on asset prices and market bubbles has had a profound impact on economic theory and public policy. He has received numerous awards, including the Nobel Prize in Economics. Here are 47 of his quotes:

There's so much disagreement about investing, and it's because nobody really knows. (Robert J. Shiller)
Trump has never been clear and consistent about what he will do as president. View quote
Robert J. Shiller
Speculative markets have always been vulnerable to illusion. But seeing the folly in markets provides no clear advantage in forecasting outcomes, because changes in the force of the illusion are difficult to predict. View quote
Robert J. Shiller
A moderate tax on robots, even a temporary tax that merely slows the adoption of disruptive technology, seems a natural component of a policy to address rising inequality. Revenue could be targeted toward wage insurance, to help people replaced by new technology make the transition to a different career. View quote
Robert J. Shiller
Oppression thrives on distance - on not actually meeting or seeing the oppressed. View quote
Robert J. Shiller
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. View quote
Robert J. Shiller
This is an anxiety driven world - the whole world is driven by anxiety. It is anxiety about the aftermath of the global financial crisis; it's anxiety about inequality and about computers replacing jobs. View quote
Robert J. Shiller
Manufacturers of food try to get the optimal ratio to tap into your impulsivity. They don't care about your health. View quote
Robert J. Shiller
When valuation confidence falls, it means that stock markets are perceived as overpriced. View quote
Robert J. Shiller
Fifty years ago or a hundred years ago, generally, most people would buy a house the way you buy a car. When you buy a car, do you think, 'I better buy this year rather than next year because car prices might go up?' View quote
Robert J. Shiller
People might just decide, 'Yeah, I'll diversify my portfolio. I'll live in a rental.' That is a very sensible thing for many people to do. (Robert J. Shiller)
We should not be focusing on quick solutions. The really important concern for policymakers everywhere is to prevent disasters - that is, the outlier events that matter the most. View quote
Robert J. Shiller
One should have a wide variety of assets in one's portfolio. And oil, by the way, is a particularly important asset to have in one's portfolio because we need it, and the economy thrives on it. View quote
Robert J. Shiller
Economists who adhere to rational-expectations models of the world will never admit it, but a lot of what happens in markets is driven by pure stupidity - or, rather, inattention, misinformation about fundamentals, and an exaggerated focus on currently circulating stories. View quote
Robert J. Shiller
In the longer run and for wide-reaching issues, more creative solutions tend to come from imaginative interdisciplinary collaboration. View quote
Robert J. Shiller
Economics is (now) about emotion and psychology. View quote
Robert J. Shiller
Consider our difficulties avoiding junk food and overspending. Such addictions were carefully planned-for by professional marketing teams. View quote
Robert J. Shiller
Liberalism downplays certain of our moral senses: loyalty, authority, and sanctity. View quote
Robert J. Shiller
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. View quote
Robert J. Shiller
Each profession has its own toolkit. View quote
Robert J. Shiller
News media stimulate bubbles, since stories about them boost their audience. (Robert J. Shiller)
In the short run and for decisions unlikely to have broad impact, it may be more cost effective to use just one expert. View quote
Robert J. Shiller

Robert J. Shiller

Robert J. Shiller - Image
Photo: Wikimedia commons, CC BY-SA 2.0
Occupation: American Economist
Born: March 29, 1946
Quotes count: 47

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