Speculative Prices, Inflation, and Behavioral Economics

Renowned behavioral economist and 2013 Nobel Laureate in Economic Sciences Robert J. Shiller delivered the inaugural Paul Volcker Lecture in Behavioral Economics on Thursday, March 19, at 4 p.m. in Maxwell Auditorium. The lecture, “Speculative Prices, Inflation, and Behavioral Economics,” was sponsored by Syracuse University’s Maxwell School of Citizenship and Public Affairs and the Center for Policy Research.

[@vincentdesapio]

Economic growth is presently slow because the country is largely middle-class and households already have the appliances, the automobiles, etc. that they need. Large-scale economic growth comes, in large part, from new-family formation (a high birth rate) and large-scale immigration, as we had in the 19th century and many parts of the 20th century. If the population doesn't grow, the economy grows less than otherwise.

[@maxheadrom3088]

THere's a Yale Open Courses on Finances online and Robert Shiller is the teacher. He's a really funny guy and though I realized he was more than he showed, only now I realized he's really important!

[@TheKEprince]

He is a bright and humble person.

[@JulieAnnRacino]

Support Basic income Support for All!! Debate the Concept of "Laziness" with Nobel Laureate Bob Shiller the Next Time He Lectures! The Other Side of Poverty and "Debt Jails" Makes Laziiness Seem Like a Joyful Issue! Thanks for the inquiry in March 2015.

[@danielshaffer2609]

Can I get some clarification... The first 8 minutes were introductions!

[@jamesha6419]

13:00

[@virnamisra1657]

Any chances of furthering into Harvard & or brown whatson & sophomore..dunes

[@cjanderson5841]

Can I get some clarification, There are times I hear Bob Shiller criticize the fed and others he praises them. Is he saying what Ben Bernanke did was right? Printing all that money to "save the economy" or is he just saying that if he were in that position he would do the same. I have not read any of his books yet but cannot figure out if he is for Keynesian Econ or on the side of true free market Capitalism. He is often vague..

[@cjanderson5841]

Cory Anderson To add, I am more on the side he believes in Keynesian Economics, but just want to be sure of this..

[@emptyhearted9981]

Cory Anderson umm I think you are talking about "moneterist" or however it would spelled. Think fiscal policy for Maynard and monetary policy think Milton

[@gcgrabodan]

+Cory Anderson Although I think dividing people in Keynsians and laissé-faire's or so is stupid, it is pretty clear in his books how much he values keynes and his ideas and that he considers it a problem that people forgot the lessons from his book general theory. You are right, he just thinks in that situation RS would have done the same as BB. But he doenst completly dislike the fed.

[@vincentdesapio]

If practically all wealth is created by machines and machines don't need to consume, the solution seems obvious.

[@martymartmartin4740]

What do you mean by "machines don't need to consumer"?

[@GeorgeSmileyOBE]

“Wealth” is created by what humans value. Machines do not value anything. Humans value a wealth of free time. Humans value money because it gives them options, to travel, give away, consume nice things, etc. Wealth is only created by machineS WHEN HUMANS MAKE CHOICES (manage) the machines towards making something humans value. Machines can make things that no one values (the last days of Soviet centralized ‘consume’ planning). So the question remains….what will humans ‘value’ next? And will our means of production be correctly managed and ordered towards what we value now, and what we will value in the future?

[@JulieAnnRacino]

Delighted to hear two presentations on behavioral economics in 2015, from both Cornell University and now Yale to Syracuse University from the very well known Paul Volcker. It follows the concept of serendipity which was introduced to "combat" linear thinking in planning and development sectors which resulted in many facility-based approaches to quality of life in the community. Luckily, Paul Volcker follows the real estate and HUD (Housing and Urban Development) thinking to examine world home prices, and relationship stock markets, bonds and gold in investments and long term planning horizons. Congratulations on his Nobel Laureate prize win in 2013! Julie Ann Racino about.me/julieannracino

[@jesselivermore2291]

thinking out of the box volker was another fed men, hisinterest rates mae poor country poorer, then credit since 80

[@gcgrabodan]

Is there a woman translating everything in hand-signs language? how can you do that for technical terms and so on??

[@oneclickandclosed]

Leeroy Jenkins....

[@martymartmartin4740]

She knew haha. Get you a woman who plays WOW

[@blastechmediabusiness8714]

wow hahaha..