Name: Finance and the Good Society
Price: 55.00 NZD
Availability: InStock
Author: Robert J. Shiller
ISBN: 9780691158099

Type

Physical Book

Author

Robert J. Shiller

Publisher

Princeton University Press

Year

2013

Language

English

Pages

312

Format

Paperback

Dimensions

23.2 x 15.8 x 1.8 cm

Weight

0.44 kg.

ISBN

0691158096

ISBN13

9780691158099

Synopsis "Finance and the Good Society "

Nobel Prize-winning economist explains why we need to reclaim finance for the common good The reputation of the financial industry could hardly be worse than it is today in the painful aftermath of the 2008 financial crisis. New York Times best-selling economist Robert Shiller is no apologist for the sins of finance--he is probably the only person to have predicted both the stock market bubble of 2000 and the real estate bubble that led up to the subprime mortgage meltdown. But in this important and timely book, Shiller argues that, rather than condemning finance, we need to reclaim it for the common good. He makes a powerful case for recognizing that finance, far from being a parasite on society, is one of the most powerful tools we have for solving our common problems and increasing the general well-being. We need more financial innovation--not less--and finance should play a larger role in helping society achieve its goals. Challenging the public and its leaders to rethink finance and its role in society, Shiller argues that finance should be defined not merely as the manipulation of money or the management of risk but as the stewardship of society's assets. He explains how people in financial careers--from CEO, investment manager, and banker to insurer, lawyer, and regulator--can and do manage, protect, and increase these assets. He describes how finance has historically contributed to the good of society through inventions such as insurance, mortgages, savings accounts, and pensions, and argues that we need to envision new ways to rechannel financial creativity to benefit society as a whole. Ultimately, Shiller shows how society can once again harness the power of finance for the greater good.

Robert J. Shiller

(Author)

View Author's Page

He holds the Arthur M. Okun Professorship of Economics at Yale University. PhD in Economics from MIT, he has written about financial markets, macroeconomics, statistical methods, and innovation. He has been a research associate at the National Bureau of Economic Research since 1980 and vice president of the American Economic Association, as well as president of the Eastern Economist Association.

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