Word: shiller
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Dates: during 1990-1999
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...study, undertaken by Yale economics professor Robert Shiller along with Soviet sociologist Vladimir Korobov and economist Maxim Boycko, involved interviews with 391 people in Moscow and 361 in New York City last May. The objective was to compare the free-market inclinations of the two groups. Among the questions asked: Does a table manufacturer have the right to raise prices if the company can't keep up with private demand? Most of the Soviet and U.S. consumers responded just as Adam Smith would have: yes, the manufacturer ; should be able to raise prices...