IRRATIONAL EXUBERANCE

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 2008–09 financial crisis. With high stock and bond prices in the United States, and rising housing prices in many countries, the post-subprime boom may well turn out to be another illustration of Shiller's influential argument that psychologically driven volatility is an inherent charac­teristic of all asset markets. In other words, IRRATIONAL EXUBERANCE is as relevant as ever.

The expanded and revised 3rd edition will contain a new preface, a new chapter called ‘The Bond Market in Historical Perspective' and the transcript of his Nobel Prize speech, plus corrections/updates throughout.

IRRATIONALER ueBERSCHWANG
Deutsch von Brigitte Kleidt
[HC Plassen 04/15; TB Plassen 02/2021]
[Campus HC 10/00, RR 11/08]