Is Nouriel Roubini a better forecaster because he doesn’t think like a normal academic?

I’m getting kind of tired of Nouriel Roubini profiles (and one gets the sense that Nouriel is, too, although they’re clearly good for business), but Julia Ioffe’s piece in The New Republic nonetheless kept me reading to the end. I liked this quote from Bob Shiller:

“A financial crisis needs general thinking, and a team of specialists will have difficulty understanding the whole thing,” he says. “Nouriel’s approach has always been worldwide, which is not rewarded in academia. There’s an element of luck in everything, but it’s not random who he is.”

Related Topics: Economy & Policy
  • Latest on Business

    LM Otero / AP

    Senate Approves Hike in Airline Security Fees

    (WASHINGTON) — A Democratic-controlled Senate panel Tuesday approved a $2.50 increase in airline security fees that would double the per-passenger fee for those taking nonstop flights.

    Why Greece Isn't Leaving the Eurozone YetSlate

    Associated Press

    Stocks Rally Further in Run-up to EU Summit

    MOSCOW — Global stocks enjoyed one of their best days in weeks on Tuesday ahead of a summit of European leaders that’s expected to be dominated by calls to boost economic growth.

    Europe remains the focus of attention across all financial markets in the run-up to the June 17 Greek election that could go a long way to determining the country’s membership of the euro as well as the future of the single currency zone.

blog comments powered by Disqus