Economist

Robert J. Shiller

Robert_Shiller

Born:

Robert J. Shiller, who is an American economist and known as best-selling Author, born on 29 March 1946, In Detroit, Michigan, U.S.

Family Background:

He is the son of Benjamin Peter Shiller, an economist, and his wife Ruth R. Shiller.

Personal Life:

He married Virginia Marie, a psychologist. They have two children.

Education:

He started his education at Kalamazoo College and completed his graduation with B.A degree from the University of Michigan in 1967. In 1968, He received the S.M degree from the Massachusetts Institute of Technology. and also completed his Ph.D. thesis entitled Rational expectations and the structure of interest rates.

Career:

Since 1980, Shiller had been a research associate of the National Bureau of Economic Research (NBER). Since 1982, Shiller had taught at Yale and previously held faculty positions at the Wharton School of the University of Pennsylvania and the University of Minnesota, He also gave frequent lectures at the London School of Economics. In 1991, He had formed Case Shiller Weiss along economists Karl Case and Allan Weiss who had served as the CEO from inception to the sale to Fiserv. The company produced a repeat-sales index using home sales prices data from across the nation, studying home pricing trends. In 2003 Shiller had co-authored a Brookings Institution paper called “Is There a Bubble in the Housing Market?”. He had been vice president of the American Economic Association in 2005, and president of the Eastern Economic Association for 2006–2007. He is the co‑founder and also the chief economist of the investment management firm MacroMarkets LLC. In 2012, Thomson Reuters named him a contender for that year’s Nobel Prize in Economics, and citing his “pioneering contributions to financial market volatility and the dynamics of asset prices”.

Unknown Facts:

  • His middle name is James.

Master Stroke:

  • Shiller had written op-eds since at least 2007 for such publications as the New York Times, where he has appeared in print on at least two dozen occasions.

Controversy:

  • Shiller had been told about the rational stock market, investors that would base stock prices on the expected receipt of future dividends, Which discounted to a present value.

Awards and Achievements:

  • In 1990, He received the Guggenheim Fellowship for Social Sciences, US & Canada
  • In 2009, He received the Deutsche Bank Prize in Financial Economics award.
  • In 2013, He won the Nobel Memorial Prize in Economics science.

What can we learn from him??

Like Robert J. Shiller, Do your work with full of perfection and never afraid of accepting your mistake.

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