The Path of a Powerful Idea

The economics that Irving Fisher espoused should not be discarded. But clearly, there are some issues with it

The Economists

Robert Shiller

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Rick Friedman / Corbis

Robert Shiller, another Samuelson student, showed that markets are too volatile to be rational. He predicted the stock and real estate busts.

Another Samuelson student, Shiller showed that markets are too volatile to be rational. He predicted the stock and real estate busts

See pictures of Americans in their homes.

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