Cover of: Irrational Exuberance | Robert J. Shiller

About the Book

"In this update of his 2000 bestseller, Irrational Exuberance, Robert Shiller returns to the topic that gained him international fame: market volatility. Shiller breaks new ground in this second edition by laying out in even clearer and starker terms the market excess that continue to destabilize the economy and disrupt our lives." "Building on the original edition, Shiller draws out the psychological origins of volatility in financial markets, this time folding real estate into his analysis. He broadens the evidence that investing in capital markets of all kinds in the modern free market is inherently unstable - subject to the profoundly human influences captured in Alan Greenspan's now-famous phrase, "irrational exuberance."" "The ultimate solution to this troubling condition, he maintains, would involve better-designed public institutions such as a revamped social security system, new forms of insurance to protect people's incomes and homes, and a broader array of investment options."--BOOK JACKET

First Sentence

When Alan Greenspan, chairman of the Federal Reserve Board in Washington, used the term irrational exuberance to describe the behavior of stock market investors in an otherwise staid speech on December 5, 1996, the world fixated on those words.

The Physical Object

Format
Hardcover
Number of pages
344
Dimensions
9.2 x 6.2 x 1.2 inches
Weight
1 pounds

ID Numbers

Open Library
OL7759053M
ISBN 10
0691123357
ISBN 13
9780691123356
Library Thing
17429
Goodreads
660017
Not in Library

Check nearby libraries


Buy this book


History

Download catalog record: RDF / JSON / OPDS | Wikipedia citation
October 25, 2011 Edited by ImportBot import new book
August 6, 2010 Edited by IdentifierBot added LibraryThing ID
April 24, 2010 Edited by Open Library Bot Fixed duplicate goodreads IDs.
April 16, 2010 Edited by bgimpertBot Added goodreads ID.
April 29, 2008 Created by an anonymous user Imported from amazon.com record.