“It is rare to see a professional economist, in interpreting the past or forecasting the future, quoting what a businessperson or newspaper writer thinks is going on, let alone what a taxi driver thinks. But to understand a complex economy, we have to take into account many conflicting popular narratives and ideas relevant to economic decisions, whether the ideas are valid or fallacious.”
- Robert J. Shiller, Narrative Economics: How Stories Go Viral and Drive Major Economic Events
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