Robert J. Schiller, a well-known economist and professor of finance at Yale University, will be present his lecture, “Animal Spirits: How Human Psychology Drives the Economy” today at 2:30 p.m. in Corwin Pavilion.
Schiller predicted in 2000 that the stock and housing markets would dramatically depreciate over the course of the next few years. He talks about his predictions in his renowned book, Irrational Exuberance, which analyzes and speculates other aspects of the economy along with the stock and housing markets. Schiller has also written Subprime Solution: How the Global Financial Crisis Happened and What to Do about It, and co-edited Animal Spirits: How Human Psychology Drives the Economy and Why It Matters for Global Capitalism, which was published in February.
His lecture today will delve further into Animal Spirits, and is the 51st Annual Carl Snyder Memorial Lecture, named after the famous economist who died in 1946.
Schiller has been credited with many contributions to the country, and has been a research associate with the National Bureau of Economic Research since 1980. He previously served as Vice President of the American Economic Association and President of the Eastern Economic Association.
Anyone interested in knowing more about the housing market or concerned about the future of the economic state is encouraged to attend the lecture, and seating is limited. Reservations can be made by calling the Department of Economics at (805)893-3569.