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Narrative Economics

How Stories Go Viral and Drive Major Economic Events
in: Economics
Summary:

The book explores the impact of popular narratives and storytelling on economic events, arguing that these stories can spread like viruses and significantly influence public behavior and economic outcomes. It examines historical examples and provides a framework for understanding how narratives affect financial markets, consumer decisions, and policy making.

Key points:

1. Narrative Economics: Shiller believes that popular stories can greatly affect economic behavior and the economy itself.

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