A Yale Professor Explains: Robert Shiller Talks Economics
“People are driven by talk, narratives, stories. And they don’t look at data independently; they don’t. Most people. They just listen to ‘What’s the story now.'”
“People are driven by talk, narratives, stories. And they don’t look at data independently; they don’t. Most people. They just listen to ‘What’s the story now.'”
Simply put, Japan faces a dire shortage of kids and millennials, and the country is already feeling the socioeconomic consequences.
“The standard of evidence in academics is ten out of ten, and the time pressure is one out of ten. And in Washington, it’s kind of the reverse. The standard of evidence is much lower than in an academic setting, but you have to have it by Friday.”
While the TPP certainly hurts China marginally, its exclusion of China does not constitute containment: it is a free trade agreement, and China is not yet a free economy.
In the light of a highly successful IPO recently, Stephanie Saunderson takes a better look at the company synonymous with online business in China.