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Sep 27, 2012Lukeinvancouver rated this title 4 out of 5 stars
This is a must read for anybody interested in the dynamics and inherent instability of financial markets. It is not easy to read and requires a basic knowledge of economics and statistics to full appreciate the book. The first edition was published just before the meltdown of markets in March 2000. Professor Shiller was also one of the few people who foresaw the collapse of the US housing market and the negative consequences around the world that followed from it. Robert J. Shiller together with his colleague Karl Case are the authors of the widely quoted Case-Shiller housing index