Irrational Exuberance (3rd Revised, Expanded edition)


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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 ...

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Nikolay F

Oct 28, 2010

Probably, the best book on a "new economy" topic. Highly recommended for stock market fans. In some respect better than "Random walk down Wall Street" with the same pro-american bias.

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