Finance is not merely about making money. It's about achieving our deep goals and protecting the fruits of our labor. It's about stewardship and, therefore, about achieving the good society.

Robert J. Shiller

I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk.

Robert J. Shiller

This is an anxiety driven world - the whole world is driven by anxiety. It is anxiety about the aftermath of the global financial crisis; it's anxiety about inequality and about computers replacing jobs.

Robert J. Shiller

That's the world we live in: when it comes to economics, people have emotions; it's not like chemistry or physics.

Robert J. Shiller

I want to know diverse facts about such things as galaxies or molecules or proteins or insect species. I have an impulse to want to know the little details, which are usually of no significance to non-specialists. I own a dissection microscope, and if there is an insect in the house, I sometimes catch it and look at it under the microscope.

Robert J. Shiller

We don't know the probabilities of future events. Still, you have to take action, and so you do it on gut feeling. That's the world we live in.

Robert J. Shiller

I didn't vote for Trump. So we've got him. Let's hope for the best. He might do something good.

Robert J. Shiller

The future is always coming up with surprises for us, and the best way to insulate yourself from these surprises is to diversify.

Robert J. Shiller

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

There's so much disagreement about investing, and it's because nobody really knows.

Robert J. Shiller

Some of the best theorizing comes after collecting data because then you become aware of another reality.

Robert J. Shiller

Speculative markets have always been vulnerable to illusion. But seeing the folly in markets provides no clear advantage in forecasting outcomes, because changes in the force of the illusion are difficult to predict.

Robert J. Shiller

Diversify, because that helps reduce risk. And you can diversify outside the United States. Some people would never invest in Europe - I think that's a mistake.

Robert J. Shiller

In a perfect world, people don't have to move to another country to get a higher wage. Ultimately, they need only be able to participate in producing output that is sold internationally.

Robert J. Shiller

Since the global financial crisis and recession of 2007-2009, criticism of the economics profession has intensified. The failure of all but a few professional economists to forecast the episode - the aftereffects of which still linger - has led many to question whether the economics profession contributes anything significant to society.

Robert J. Shiller

Hesitation is often like procrastination. One may have vague doubts and feel a need to mull things over; meanwhile, other issues intrude on thought, and no decision is taken. Ask people why they procrastinate, and you probably won't get a crisp answer.

Robert J. Shiller

My very first publication was an estimator - this was a statistical procedure - a kind of invention. My father got a patent and started a business; it wasn't successful, but maybe I have some of him in me.

Robert J. Shiller

Trump has never been clear and consistent about what he will do as president.

Robert J. Shiller

Even today, I am easily distracted by reading material and will pick up articles on virtually any factual material if I have the time.

Robert J. Shiller

A moderate tax on robots, even a temporary tax that merely slows the adoption of disruptive technology, seems a natural component of a policy to address rising inequality. Revenue could be targeted toward wage insurance, to help people replaced by new technology make the transition to a different career.

Robert J. Shiller

Robert J. Shiller Quotes

Finance is not merely about making money. It's about achieving our deep goals and protecting the fruits of our labor. It's about stewardship and, therefore, about achieving the good society.

I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk.

This is an anxiety driven world - the whole world is driven by anxiety. It is anxiety about the aftermath of the global financial crisis; it's anxiety about inequality and about computers replacing jobs.

That's the world we live in: when it comes to economics, people have emotions; it's not like chemistry or physics.

We don't know the probabilities of future events. Still, you have to take action, and so you do it on gut feeling. That's the world we live in.

I didn't vote for Trump. So we've got him. Let's hope for the best. He might do something good.

The future is always coming up with surprises for us, and the best way to insulate yourself from these surprises is to diversify.

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.

There's so much disagreement about investing, and it's because nobody really knows.

Some of the best theorizing comes after collecting data because then you become aware of another reality.

Speculative markets have always been vulnerable to illusion. But seeing the folly in markets provides no clear advantage in forecasting outcomes, because changes in the force of the illusion are difficult to predict.

Diversify, because that helps reduce risk. And you can diversify outside the United States. Some people would never invest in Europe - I think that's a mistake.

In a perfect world, people don't have to move to another country to get a higher wage. Ultimately, they need only be able to participate in producing output that is sold internationally.

Hesitation is often like procrastination. One may have vague doubts and feel a need to mull things over; meanwhile, other issues intrude on thought, and no decision is taken. Ask people why they procrastinate, and you probably won't get a crisp answer.

My very first publication was an estimator - this was a statistical procedure - a kind of invention. My father got a patent and started a business; it wasn't successful, but maybe I have some of him in me.

Trump has never been clear and consistent about what he will do as president.

Even today, I am easily distracted by reading material and will pick up articles on virtually any factual material if I have the time.