Shiller Finance and the Good Society

With a New preface by the author
ISBN: 978-1-4008-4617-7
Verlag: De Gruyter
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 312 Seiten

No detailed description available for "Finance and the Good Society".

Autoren/Hrsg.

Shiller, Robert J.

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik

Inhaltsverzeichnis

Preface to the Paperback Edition vii

Preface xiii

Introduction: Finance, Stewardship, and Our Goals 1

Part One - Roles and Responsibilities

1. Chief Executive Offi cers 19

2. Investment Managers 27

3. Bankers 37

4. Investment Bankers 45

5. Mortgage Lenders and Securitizers 50

6. Traders and Market Makers 57

7. Insurers 64

8. Market Designers and Financial Engineers 69

9. Derivatives Providers 75

10. Lawyers and Financial Advisers 81

11. Lobbyists 87

12. Regulators 94

13. Accountants and Auditors 100

14. Educators 103

15. Public Goods Financiers 107

16. Policy Makers in Charge of Stabilizing the Economy 111

17. Trustees and Nonprofi t Managers 119

18. Philanthropists 124

Part Two- Finance and Its Discontents

19. Finance, Mathematics, and Beauty 131

20. Categorizing People: Financiers versus Artists and Other Idealists 135

21. An Impulse for Risk Taking 139

22. An Impulse for Conventionality and Familiarity 143

23. Debt and Leverage 151

24. Some Unfortunate Incentives to Sleaziness Inherent in Finance 159

25. The Signifi cance of Financial Speculation 168

26. Speculative Bubbles and Their Costs to Society 178

27. Inequality and Injustice 187

28. Problems with Philanthropy 197

29. The Dispersal of Ownership of Capital 209

30. The Great Illusion, Then and Now 219

Epilogue: Finance, Power, and Human Values 231

Notes 241

References 257

Index 273

Über Autor(innen)

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.