I have argued that we need livelihood insurance, which would protect people against the risk of seeing their skills and expertise no longer needed. Such insurance could be offered by the private sector.
Robert J. ShillerSomehow, talking to young students brings you back to reality - it should, anyway.
Robert J. ShillerSome of the best theorizing comes after collecting data because then you become aware of another reality.
Robert J. ShillerMy father, Benjamin Shiller, told me not to believe in authorities or celebrities - that society tends to imagine them as superhuman. It's good advice. People are snowed by celebrities all the time. In academia people have this idea of achieving stardom - publishing in the best journals, being at the best university, writing on the hot topic everyone else is writing about. But that's what my father told me not to do. He taught me that you have to pursue things that sound right to you.
Robert J. Shiller