News

World Renowned Economist to Address "Irrational Exuberance"

On Tuesday, November 14, the Economics Department will host the annual Philip Gamble Memorial Lecture. This year's featured speaker is Yale Professor Robert J. Shiller. His presentation is entitled "Stock Markets, Real Estate and 'Irrational Exuberance': What is To Be Done?" It will take place at Gordon Hall at 4:00 p.m. in the 3rd Floor Conference Room. A public reception in the Gordon Hall Atrium will follow.

Shiller, who holds the Stanley B. Resor chair in the Department of Economics and the Cowles Foundation for Research in Economics at Yale. He also is a fellow at the International Center for Finance, Yale School of Management. A research associate for the National Bureau of Economic Research since 1980, Shiller has been co-organizer of NBER workshops on behavioral finance with Richard Thaler since 1991, and on macroeconomics and individual decision making with George Akerlof since 1994. He serves as Vice President of the American Economic Association, 2005 and President of the Eastern Economic Association, 2005. Shiller's column "Finance in the 21st Century" for Project Syndicate, is published around the world.

Shiller's book Irrational Exuberance (Princeton 2000, Broadway Books 2001, 2nd edition Princeton 2005, and in 15 foreign language editions) is an analysis and explication of speculative bubbles, with special reference to the stock market and real estate. His book The New Financial Order: Risk in the 21st Century (Princeton University Press, 2003, 2004, and in 8 foreign language editions) is an analysis of an expanding role of finance, insurance, and public finance in our future.

The Philip Gamble Memorial Lectureship Endowment was established by Israel Rogosa '42 and other family and friends in memory of Philip Gamble, a member of the Economics faculty from 1935-71 and former chair from 1942-65. The fund supports an annual lecture series featuring a prominent economist. Previous speakers in this series have included John Kenneth Galbraith, Joseph Stiglitz, John Nash, James Tobin, Kenneth Arrow, Robert Solow, Barbara Bergmann, Lani Guinier, and Robert Reich.

For more information about Robert Shiller, click here.