4 ms·

> Nobel laureate... Maybe we should start taking reputable people like this more seriously.

• abnry 5y ago
  Depends. Is Shiller recommending to buy vitamin C?
  • deleted 5y ago
    [deleted]
• aww_dang 5y ago
  The "Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel" is not a Nobel Prize. https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Economic_Sciences#Relation_to_the_Nobel_Prizes https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Econom... As the name implies, it is a prize created in "honor of" Nobel by the Swedish central bank. As such, there is an inherent ideological bias. Many would dispute the claim that it is "reputable". Shiller is famous for suggesting that consumers don't actually know what is good for them, while the state supposedly has better information about appropriate consumption habits. He also misappropriated the word "Phishing" in this context. https://cdn.mises.org/Review%20Essay%20Phishing%20for%20Phools%20The%20Economics%20of%20Manipulation%20and%20Deception%20by%20Akerlof%20and%20Shiller.pdf https://cdn.mises.org/Review%20Essay%20Phishing%20for%20Phoo...
• Zachsa999 5y ago
  Another buerocrat?