Why does Nobel Prize winner Schiller say Trump is an excellent example of narrative economics?

Robert, the Nobel Prize winner, said that Trump is an excellent example of narrative economics, because since he was elected president of the United States, Trump has always established the image of a talented businessman in front of the American people with his narrative ability. However, many of the languages he spoke were not true. Trump himself admits that he will certainly brag about himself when establishing his self-image, but in any case, through Trump's narrative ability, the performance of the US stock market and the property market during his tenure was very good.

Nowadays, traditional economists have said that whenever they predict the future economic situation or future economic trend, they will hardly continue to quote classics. Those once classic quotations may not appear slowly, but use a narrative way to express the trend of some aspects of the economy and slowly prove the important role of narration in major economic events. This event takes Trump as an example.

In the previous research and demonstration of classical economics, the hypothesis of rational man is a very important factor. Through the analysis of Trump, we can know how important the narrative mode has played in major economic events. For example, Trump has always established himself through his words and deeds, and is a very talented image in business. He is compassionate and tough in business at the same time, and such a contrast image can certainly be obtained.

It is through these images, coupled with the president's personal endorsement, that the American people are allowed to buy stocks and buildings at the same time, which is suppressed by the president here. At the same time, emotions have been subtly affecting the thinking of the American people, which is why during Trump's administration, the status quo of its stock market and architecture has been maintained very well.