Robert Shiller on Narrative Economics
EconTalk
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The Power of Narrative in Economics
This chapter examines how narratives shape public perceptions of economic theories and influential figures, from Ricardo to Keynes. It highlights the importance of personal stories in understanding economic events and policies, particularly during crises like the Great Depression and the Great Recession. The authors propose a greater emphasis on narrative economics in education to enhance policymakers' effectiveness and public engagement.
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