Irrational Exuberance (Signed Third Edition - Revised and Expanded - First Printing)

Shiller, Robert J.

ISBN 10: 0691166269 / ISBN 13: 9780691166261

Verlag: Princeton, 2015

Beschreibung

Signed First Printing of the Third Edition (which is revised and expanded from earlier editions) of Nobel Prize laureate Robert Shiller's study of the underlying factors that produce bubbles in financial markets. The First Edition famously appeared on the eve of the stock market plunge of the early 2000s and the Second Edition appeared with quite prescient observations about real estate bubbles on the eve of the Great Recession. Perhaps ominously the Third Edition includes a new chapter that discusses the bond market. Also includes a print version of Shiller's Nobel lecture in 2013. Signed by Robert Shiller on the title page. 358 pages. No sign of previous use.

Bestandsnummer des Verkäufers 013126

Bibliografische Details

• Titel: Irrational Exuberance (Signed Third Edition - Revised and Expanded - First Printing)
• Verlag: Princeton
• Erscheinungsjahr: 2015
• Sprache: Englisch
• ISBN-10: 0691166269
• ISBN-13: 9780691166261
• Einband: Hardcover
• Auflage: 3rd Edition
• Zustand: Fine
• Zustand des Schutzumschlags: Fine
• Signiert: Signed by Author(s)

Über diesen Titel

Inhaltsangabe

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, cautions that signs of irrational exuberance among investors have only increased since the 2008-9 financial crisis. With high stock and bond prices and the rising cost of housing, 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. Previous editions covered the stock and housing markets--and famously predicted their crashes. This edition expands its coverage to include the bond market, so that the book now addresses all of the major investment markets. It also includes updated data throughout, as well as Shiller's 2013 Nobel Prize lecture, which places the book in broader context. In addition to diagnosing the causes of asset bubbles, Irrational Exuberance recommends urgent policy changes to lessen their likelihood and severity--and suggests ways that individuals can decrease their risk before the next bubble bursts. No one whose future depends on a retirement account, a house, or other investments can afford not to read this book.

Über die Autorin bzw. den Autor

Robert J. Shiller, the recipient of the 2013 Nobel Prize in economics, is a bestselling author, a regular contributor to the Economic View column of the New York Times, and a professor of economics at Yale University. For more information, please go to www.irrationalexuberance.com.