Quarterly Journal of Austrian Economics

Review of The Subprime Solution: How Today’s Global Financial Crisis Happened, and What to Do About It. By Robert J. Shiller

The Quarterly Journal of Austrian Economics
Downloads

Volume 12, No. 1 (2009)

 

It is with great trepidation and anticipation that we review Robert Shiller’s new book, The Subprime Solution. Trepidation as to the causes of the problem, which were expected to take a behavioral spin. Anticipation that, with gushing reviews from Austrian friendly writers such as Nassim Taleb, there would be a plethora of new insights into the current crisis. However, while the former proved to become reality, the latter was not to be. In fact, Shiller’s two central theses defy all conventional Austrian wisdom concerning the causes and cures of the current financial juncture.

CITE THIS ARTICLE

Howden, David. “Review of The Subprime Solution: How Today’s Global Financial Crisis Happened, and What to Do About It by Robert J. Shiller.” The Quarterly Journal of Austrian Economics 12, No. 1 (2009): 81–87.

 

All Rights Reserved ©
What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. 

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member
Mises Institute