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Author Shiller, Robert J., author.

Title Finance and the good society / Robert J. Shiller ; with a new preface by the author.

Publication Info. Princeton, N.J. ; Oxford : Princeton University Press, 2013.


Location Call No. OPAC Message Status
 Axe Books 24x7 Business E-Book  Electronic Book    ---  Available
Description 1 online resource (xix, 288 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Bibliography Includes bibliographical references (pages 257-272) and index.
Contents Chief executive officers -- Investment managers -- Bankers -- Investment bankers -- Mortgage lenders and securitizers -- Traders and market makers -- Insurers -- Market designers and financial engineers -- Derivatives providers -- Lawyers and financial advisers -- Lobbyists -- Regulators -- Accountants and auditors -- Educators -- Public goods financiers -- Policy makers in charge of stabilizing the economy -- Trustees and nonprofit managers -- Philanthropists -- Finance, mathematics, and beauty -- Categorizing people : financiers versus artists and other idealists -- An impulse for risk taking -- An impulse for conventionality and familiarity -- Debt and leverage -- Some unfortunate incentives to sleaziness inherent in finance -- The significance of financial speculation -- Speculative bubbles and their costs to society -- Inequality and injustice -- Problems with philanthropy -- The dispersal of ownership of capital -- The great illusion : then and now.
Summary 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.
Note Print version record.
Subject Finance -- History.
Capitalism -- History.
Social justice -- History.
BUSINESS & ECONOMICS -- Government & Business.
Aspects sociaux.
Justice sociale.
Intérêt public.
Capitalism. (OCoLC)fst00846425
Finance. (OCoLC)fst00924349
Social justice. (OCoLC)fst01122603
Capitalism -- History.
Finance -- History.
Social justice -- History.
Genre/Form Electronic books.
History. (OCoLC)fst01411628
Other Form: Print version: Shiller, Robert J. Finance and the good society. Princeton, N.J. ; Oxford : Princeton University Press, 2013 0691158096 (OCoLC)820123530
ISBN 9781400846177 (electronic bk.)
140084617X (electronic bk.)
9780691154886 (alk. paper)
0691154880 (alk. paper)
Standard No. AU@ 000053284485
AU@ 000056872954
DEBBG BV042741021
DEBBG BV043979244
GBVCP 1003736637
GBVCP 875860117
DEBSZ 431370192

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