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Robert J. Shiller Quotes


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Quotes by Robert J. Shiller

Showing 51-55 of 55 Quotes by 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

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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

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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.

~Robert J. Shiller

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In a bubble, eventually people start saying, 'Wait a minute... these prices are way too high! What is anyone buying anymore? What could they possibly be thinking?' And then there's a correction and a bursting.

~Robert J. Shiller

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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

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Biography

Nationality: American

Type: Economist

Born: March 29th, 1946

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