About
Robert James Shiller is an American economist, academic, and author, renowned for his research on financial markets and behavioral economics. Born in 1946, Shiller has served as a Sterling Professor of Economics at Yale University. He is also a research associate of the National Bureau of Economic Research (NBER). Shiller is well-known for his work on market volatility, asset pricing, and the role of psychology in economic decision-making. In 2013, he was awarded the Nobel Prize in Economics for his empirical analysis of asset prices.
Career Timeline
Market Volatility Research Begins
Shiller begins publishing research on stock market volatility and challenges the efficient market hypothesis. This starts building his reputation in academic circles.
MacroMarkets LLC Co-Founded
Shiller co-founds MacroMarkets LLC, applying his economic theories to investment strategies. It is a gradual increase in wealth.
"Irrational Exuberance" Published
His book predicting the dot-com bubble bursts, gaining widespread recognition and influencing investment discourse, thus, increasing book sales and influence.
Case-Shiller Home Price Index Created
Creation of the Case-Shiller Home Price Index, becoming a key indicator for the U.S. housing market, further solidifying his influence.
Financial Crisis Insights
Shiller's earlier warnings about housing bubbles prove prescient during the 2008 financial crisis, enhancing his credibility.
Nobel Prize in Economics
Awarded the Nobel Prize in Economics for his empirical analysis of asset prices, bringing global acclaim and solidifying his legacy.
Continuing Influence in Economics
Shiller continues to teach, write, and contribute to economic discourse, maintaining his influence as a respected economist and author.
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Last updated: February 24, 2026