Showing posts with label Robert J. Shiller. Show all posts
Showing posts with label Robert J. Shiller. Show all posts

Thursday, 19 May 2016

Fighting the Next Global Financial Crisis (Robert J. Shiller, Project-Syndicate)

What do people mean when they criticize generals for “fighting the last war”? It’s not that generals ever think they will face the same weapon systems and the same battlefields. They certainly know better. The error, to the extent that the generals make it, must operate at a more subtle level. Generals are sometimes slow to get around to developing plans and ordnance for those new weapon systems and battlefields. And just as important, they sometimes assume that the public psychology, and the narratives that influence the morale that is so important in achieving victory, is the same as in the last war

https://www.project-syndicate.org/commentary/financial-regulation-public-narratives-by-robert-j--shiller-2016-05

Tuesday, 15 March 2016

Is Russia’s National Character Authoritarian? (Robert J. Shiller, Project-Syndicate)

Russia’s aggression against Ukraine and the Russian public’s acquiescence in direct government control of news media have many people wondering if Russians are predisposed to authoritarianism. It seems like a sensible question. But I have learned from experience that we have to be very careful about drawing conclusions about national character from isolated events.

http://www.project-syndicate.org/commentary/is-russian-national-character-authoritarian-by-robert-j--shiller-2016-03