These more successful societies are societies that bring everybody in. Everyone with talents has an opportunity, as opposed to societies that grant favor based on connections.

Robert Shiller

Robert J. Shiller is a professor of economics at Yale University and a professor of finance and a fellow at the Yale School of Management's International Center for Finance. He and economists Eugene Fama and Lars Peter Hansen of the University of Chicago were awarded the 2013 Nobel Prize in Economic Sciences for their work analyzing asset prices. He has written about financial markets, financial innovation, behavioral economics, macroeconomics, real estate and statistical methods, as well as public attitudes, opinions and moral judgments about markets. His latest book, “Finance and the Good Society,” was published in April 2012. His indices of repeat home sales prices, originally developed with economist Karl E. Case, are published as the S&P/Case-Shiller Home Price Indices and form the basis of futures markets on the Chicago Mercantile Exchange.