Yale economics professor to address investors group in Darien

Dr. Robert Shiller, professor of economics at Yale University, will be the featured speaker at a dinner meeting of the Connecticut chapter of the American Association of Individual Investors, Thursday, June 21, at 6 p.m. Shiller will address the topic, "Finance and the Good Society," the subject of his latest book. The event, which is open to the public, will take place at The Waters Edge at Giovanni's II in Darien.

His talk will offer a candid appraisal of the real value of our financial institutions and their historical role in building a stronger and more democratic society.

"The severe financial crisis that began in 2007 has people angry and wondering whether our financial institutions are good for society or need to be given a much more thorough reform than Dodd-Frank even attempted, Shiller said.

Shiller favors regulatory reforms that help expand the scope of financial solutions to the nation's economic problems, but he is wary of well-intentioned but over-zealous restrictions.

Shiller has written extensively on financial markets, financial innovation, behavioral economics, macroeconomics, and real estate. His best selling book, "Irrational Exuberance," is an analysis and explication of speculative bubbles, with special reference to the stock market and real estate. His latest book, Finance and the Good Society, was published in April 2012.

Shiller's repeat-sales home price indices, developed originally with Karl E. Case, are now published as the Standard & Poor's/Case Shiller Home Price Indices. He also contributes regularly to an "Economic View" column for The New York Times.

Registration for the event begins at 6, dinner is at 7 and the talk is at 8 p.m. The cost for dinner and program is $45 if paid in advance and $50 at the door. The program alone is $25. Call 203-245-1211 or visit AAIIConnecticut@aol.com .