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Robert James Shiller

Robert James Shiller, American economist. Grantee National Science Foundation, since 1976; Guggenheim fellow; recipient: Paul A. Samuelson award, 1996, 2010, Commonfund prize, 2001; named to The Power 30, Smart Money, magazine, 2008. Fellow Econometric Society, American Academy Arts and Sciences, American Philosophical Society, American Economic Association (vice president 2005), Eastern Economic Association (president 2006-2007).

Background

  • Shiller, Robert James was born on March 29, 1946 in Detroit. Son of Benjamin P. and Ruth R. (Radzville) Shiller.

  • Education

    • Bachelor, University Michigan, 1967; Master of Science, Massachusetts Institute of Technology, 1968; Doctor of Philosophy, Massachusetts Institute of Technology, 1972.

    Career

    • Assistant professor University Minnesota, 1972-1974. Research fellow National Bureau Economic Research, Cambridge, Massachusetts, 1974-1975. Visiting scholar department economics Massachusetts Institute of Technology, 1974-1975, visiting professor, 1981-1982.

      Associate professor department economics University Pennsylvania, Philadelphia, 1974-1981, professor economics, 1981-1982. Arthur M. Okun professor economics Yale University, New Haven, since 1982. Professor finance Wharton School, 1981-1982.

      Co-founder Case, Shiller, Weiss Incorporated, 1991-2002. Co-founder, chief economist, MacroMarkets, LLC, since 1999. Visiting scholar department economics Harvard University, 1980.

    Works

    • Irrational Exuberance 3rd edition
    • In this revised, updated, and expanded edition of his New York Times bestseller, Nobel Prize-winning economist Robert Shiller, who warned of both the tech and housing bubbles, now cautions that signs of irrational exuberance among investors have only increased since the 2008-9 financial crisis.
    • Irrational Exuberance
    • As Robert Shiller’s new 2009 preface to his prescient classic on behavioral economics and market volatility asserts, the irrational exuberance of the stock and housing markets “has been ended by an economic crisis of a magnitude not seen since the Great Depression of the 1930s.
    • The New Financial Order: Risk in the 21st Century
    • In his best-selling Irrational Exuberance, Robert Shiller cautioned that society's obsession with the stock market was fueling the volatility that has since made a roller coaster of the financial system.
    • Market Volatility
    • Market Volatility proposes an innovative theory, backed by substantial statistical evidence, on the causes of price fluctuations in speculative markets.

    Membership

    Fellow Econometric Society, American Academy Arts and Sciences, American Philosophical Society, American Economic Association (vice president 2005), Eastern Economic Association (president 2006-2007).

    Connections

    • Married Virginia M. Faulstich, June 13, 1976; 2 sons.
    • mother: Ruth R. (Radzville) Shiller
    • spouse: Virginia M. Faulstich
    • father: Benjamin P. Shiller
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    Born March 29, 1946
    (age 69)
    Nationality
    • 1967
      University Michigan
    • 1968
      Massachusetts Institute of Technology
    • 1972
      Massachusetts Institute of Technology
    • 1972 - 1974
      Assistant, professor University Minnesota
    • 1974 - 1975
      research fellow, National Bureau Economic Research
      Cambridge, Massachusetts, United States
    • 1974 - 1981
      associate, professor department economics University Pennsylvania
      Philadelphia, Pennsylvania, United States
    • 1981 - 1982
      professor, finance Wharton School
    • 1982
      Arthur M. Okun professor, economics Yale University
      New Haven, Connecticut, United States
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