Narrative Economics
An economic concept introduced by Nobel laureate Robert Shiller that examines how narratives and stories spread and influence economic behavior and markets. It emphasizes that compelling narratives carry economic value in their own right, driving fundraising, attracting talent, and shaping regulatory outcomes.
Core Facts
Timeline (last 90 days)
In economic terms, the mismatch of narrative leading and product lagging corresponds to resource misallocation: capital and talent are channeled toward directions overvalued by the narrative, while paths with genuine long-term value are squeezed out for lack of attention.
The grand narrative surrounding a technology has economic value in itself, capable of driving financing, attracting talent, and influencing regulation.
All Facts (3)
The concept of narrative economics was systematically articulated by Nobel laureate in economics Robert Shiller in his book Narrative Economics.
85%UnverifiedIn economic terms, the mismatch of narrative leading and product lagging corresponds to resource misallocation: capital and talent are channeled toward directions overvalued by the narrative, while paths with genuine long-term value are squeezed out for lack of attention.
50%UnverifiedThe grand narrative surrounding a technology has economic value in itself, capable of driving financing, attracting talent, and influencing regulation.
50%