November 14, 2006 Economist Robert J. Shiller To Discuss Economic Inequality Dec. 6

Economist Robert J. Shiller will speak on “What to Do About Worsening Economic Inequality: The Rising Tide Tax System and Other Proposals” at the Library of Congress at 11:30 a.m. on Wednesday, Dec. 6, in the West Dining Room on the sixth floor of the James Madison Building, 101 Independence Ave. S.E., Washington, D.C.

Sponsored by the Library’s Science, Technology and Business Division, the event is free and open to the public; no tickets are needed. Maps and directions to the Library are available at www.loc.gov/loc/maps.

Shiller is the Stanley B. Resor Professor of Economics, Department of Economics and Cowles Foundation for Research in Economics, Yale University, and a fellow at the International Center for Finance, Yale School of Management. His writings cover a broad spectrum of economic topics including financial markets; financial innovation; behavioral economics; macroeconomics; real estate; statistical methods; and public attitudes, opinions and moral judgments regarding markets.

His book “Irrational Exuberance” (2005), which appeared in 15 foreign language editions, examined speculative bubbles, with special reference to the stock market and real estate. His book “The New Financial Order: Risk in the 21st Century” (2003/2004), which appeared in eight foreign language editions, analyzed an expanding role in the future for finance, insurance and public finance.

Shiller, who has been a long-time research associate with the National Bureau of Economic Research, served as vice president of the American Economic Association in 2005 and is currently president of the Eastern Economic Association. He is also chief economist for MacroMarkets LLC, a firm he cofounded that is working on expanding the scope of financial markets.