Robert J. Shiller quote

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Fear causes individuals to restrain their spending and firms to withhold investments; as a result, the economy weakens, confirming their fear and leading them to restrain spending further. The downturn deepens, and a vicious circle of despair takes hold.
Robert J. Shiller
Robert J. Shiller
Robert J. Shiller
Born: Mar 29, 1946

Topics

Fear, Result, Circle, Despair, Spending, Further, Weakens, Restrain, Investments, Takes, Individuals, Leading, Economy, Withhold, Causes, Hold, Confirming, Vicious, Them, Downturn

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Related Authors

Alan Greenspan, Herbert A. Simon, John Kenneth Galbraith, Milton Friedman, Paul A. Volcker, Richard Thaler, Robert Reich, Thomas Sowell
Narrative Economics: How Stories Go Viral and Drive Major Economic Events
Narrative Economics: How Stories Go Viral and Drive Major Economic Events
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