Day: April 14, 2023
We’re excited that you’ve joined the conversation! At HMU, we want to continue the great authors’ conversations in a contemporary context, and this blog will help us do that. We look back to Aristotle and the early philosophers who used reason and discourse to gain wisdom and now we endeavor to do the same every day.
April 14, 2023
Thanks to Alissa Simon, HMU Tutor, for today’s post.
In the book Narrative Economics: How Stories Go Viral and Drive Major Economic Events, Robert J. Shiller argues that viral historical events should be studied by economists. He defines narrative economics as the study of narratives which drive economic events. Humans rely upon narratives, memory, and emotion to make major decisions and these decisions move markets.