What Is Narrative Economics: How Stories Move Markets
Nobel laureate Robert Shiller argues that economic narratives spread like viruses and drive market booms and busts. Learn how stories shape economies.
What was corrected
The article cited a Catania-Grassi 2019 Journal of Financial Econometrics study, a Bundesbank Paule-Paludkiewicz 2022 four-week prediction, a Hurst-Keys 2021 JEL review, and a Shiller-and-colleagues 2020 JEP paper, and claimed narratives alone explained the Great Depression and GameStop.
Fixed the citations to the correct authors, journals, and study designs, and qualified the causal claims to acknowledge non-narrative factors.
Why this is better
Several citations named the wrong journal, authorship, or a study that could not be verified, and two causal claims were mono-causal. Corrections fix the citations and scope the claims rather than adding new sources.
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