Finance and the Good Society (Signed First Edition, First Printing)

Shiller, Robert J.

ISBN 10: 0691154880 / ISBN 13: 9780691154886

Published by Princeton University Press, 2012

About this Item

Signed First Edition, First Printing of this discussion by Nobel Prize winning economist Robert Shiller of the importance of finance to the economy. Signed by Robert Shiller on the title page. Cloth, 288 pages. Has a light bumps at the corners and light edge wear on the dust jacket. There's a removable "autographed copy" sticker on the front cover of the dust jacket. Seller Inventory # 014723

Bibliographic Details

Title: Finance and the Good Society (Signed First ...

Publisher: Princeton University Press

Publication Date: 2012

Binding: Hardcover

Condition: Near Fine

Dust Jacket Condition: Near Fine

Signed: Signed by Author(s)

Edition: 1st Edition

About this title

Synopsis:

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.

About the Author:

Robert J. Shiller is the author of Irrational Exuberance and The Subprime Solution, and the coauthor, with George A. Akerlof, of Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism (all Princeton). He is the Arthur M. Okun Professor of Economics at Yale University.