In the longer run and for wide-reaching issues, more creative solutions tend to come from imaginative interdisciplinary collaboration.
Robert J. ShillerIn the short run and for decisions unlikely to have broad impact, it may be more cost effective to use just one expert.
Robert J. ShillerEconomists who adhere to rational-expectations models of the world will never admit it, but a lot of what happens in markets is driven by pure stupidity - or, rather, inattention, misinformation about fundamentals, and an exaggerated focus on currently circulating stories.
Robert J. ShillerThere is more uncertainty than usual about job futures because computers are replacing more and more human intelligence, and globalization is proceeding at an accelerating pace.
Robert J. Shiller