Robert J. Shiller: The New Financial Order

Millions of individual investors could have saved themselves enormous sums of money, and an equivalent amount of grief, by taking Robert Shiller's advice three years ago. . . . Now Shiller is back with another book that also holds warnings of sorts -- this time about societal wealth inequalities and the need to mitigate what he calls 'the risks that rally matter in our lives.' If Irrational Exuberance was a sober assessment of a situation that was well known yet widely defended -- the nation's infatuation with stocks -- The New Financial Order is a dissertation on problems many people don't know they have. . . . Shiller, however, has let his imagination run in this book., "As the worldly philosophers of the past affirmed, the goal of economics is to improve the way society functions. In The New Financial Order , Robert Shiller joins this proud tradition by directing his brilliant economic skills toward the creation of financial institutions designed to reduce the risks an unknown future visits on most members of our society and others. Shiller's imaginative and compelling analysis will appeal to all readers who share his passion for initiating not only a richer, but a better, century." --Peter L. Bernstein, author of Against the Gods: The Remarkable Story of Risk, "While [his] ideas may sound unfamiliar--even radical--Shiller's reasoned case recalls earlier financial innovations such as stock and futures markets, life and unemployment insurance, and earned income tax credits. The earlier innovations addressed the financial and risk management needs of individuals and societies in the same way Shiller proposes for his concepts."-- Library Journal, "There are financial markets that help us manage fluctuations in corporate profitability and commodity prices. Stranica: 384Jezik: LONDONPismo: LatinicaStanje: Vrlo dobroUvez: Tvrdi s ovitkomGodina: 2003