Word: shiller
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...predicated on the notion that the greater good for all will come from many individuals who have the opportunity to act on their immediate self-interest. Unfortunately, when seas get rough, there is nothing to stop investors from sinking the lifeboats in their zeal to abandon ship. Robert Shiller, author of Irrational Exuberance, which explores the perils of the present market, once devised a survey to probe whether investors felt any responsibility to the overall system. When asked whether they might reduce selling in a crash out of a sense of social responsibility, only 8% of 123 institutional investors responded...
...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...
Abstracts get jumbled out in the real world. Divinity School students get things done because they have an answer to THE BIG QUESTION. They are also very kind people. I talked to a member of the staff at Project Place named Aram Shiller. He seems to live a sort of informed passivity, and says in the middle of a long day. "I won't call what I do fighting. Our philosophy is that you don't have to be where the person you're talking to is at to help him. You don't have to be strung...
Flash says that Cambridge needs a Community Center. Shiller says so too. There may be one soon. A new project called "Sanctuary" is opening this summer at 9 Mt. Auburn St. It will do some of the same things as Project Place, and may also have a hostel, where kids can crash for 25 cents a night...
Score--Harvard, 3; Yale, 2. Goals--Phillips 2, Sortwell, Ordway, Harmon, Referees--E. Garon, I. A. A. C.; R. O. Ellis, St. Nicholas H. C. Goal Umpires--Ellison, Hornfeck, Stops--Gardner 18, Shiller, 33. Penalties, Claflin 2 minutes, loafing...