Irrational Exuberance (book) able to claim that he has foreseen any given crisis. Irrational Exuberance (book) Irrational Exuberance is a March 2000 book written by American economist Robert J. Shiller, a Yale University professor and 2013 Nobel Prize winner. The book examines economic bubbles in the 1990s and early 2000s, and is named after Federal Reserve Chairman Alan Greenspan's famed "irrational exuberance" quote warning of such a possible bubble in 1996. Published at the height of the dot-com boom, the text put forth several arguments demonstrating how the stock markets were overvalued at the time. The stock market collapse of 2000 happened the
Culture of fear that perceptions of risk, ideas about safety and controversies over health, the environment and technology have little to do with science or empirical evidence. Rather, they are shaped by cultural assumptions about human vulnerability. Furedi say that "we need a grown-up discussion about our post-September 11 world, based on a reasoned evaluation of all the available evidence rather than on irrational fears for the future. British academics Gabe Mythen and Sandra Walklate argue that following terrorist attacks in New York, the Pentagon, Madrid, and London, government agencies developed a discourse of "new terrorism" in a cultural climate of fear and