Category - Robert J Shiller

Discover the thoughtful Quotes of Robert J Shiller, a philosopher and author. Our collection of his most impactful quotes reflects his deep understanding of language, philosophy, and history. Motivational Quotes of Robert J Shiller
Whether seeking thought-provoking reflections or academic wisdom, Robert J Shillers words offer a rich source of intellectual inspiration. #RobertJShiller Robert J Shiller

Robert J Shiller

Fear causes individuals to restrain their spending and firms to withhold investments; as a result, the economy weakens, confirming their fear and leading them to restrain spending further. The downturn deepens, and a vicious circle of despair takes hold.

– Robert J Shiller

Robert J Shiller

This is the paradox of thrift: belt-tightening causes people to lose their jobs, because other people are not buying what they produce, so their debt burden rises rather than falls.

– Robert J Shiller

Robert J Shiller

Critics of ‘economic sciences’ sometimes refer to the development of a ‘pseudoscience’ of economics, arguing that it uses the trappings of science, like dense mathematics, but only for show.

– Robert J Shiller

Robert J Shiller

Yes, horoscopes still persist in popular newspapers, but they are there only for the severely scientifically challenged, or for entertainment; the idea that the stars determine our fate has lost all intellectual currency.

– Robert J Shiller

Robert J Shiller

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.

– Robert J Shiller

Robert J Shiller

We judge economics by what it can produce. As such, economics is rather more like engineering than physics: more practical than spiritual.

– Robert J Shiller

Robert J Shiller

As far as I can find, almost no one in the profession – not even luminaries like John Maynard Keynes, Friedrich Hayek, or Irving Fisher – made public statements anticipating the Great Depression.

– Robert J Shiller

Robert J Shiller

When I see the Trump supporters on television explaining themselves, I don’t get a feeling of supreme confidence. They’ve created a revolution, and now maybe they’re a little scared by it.

– Robert J Shiller

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.

– Robert J Shiller

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

Robert J Shiller

Housing traditionally is not viewed as a great investment. It takes maintenance; it depreciates. It goes out of style. All of those are problems. And there’s technical progress in housing. So, new ones are better. So, why was it considered an investment? That was a fad.

– Robert J Shiller

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?’

– Robert J Shiller

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