The Book

Book_FinanceandGoodSociety“…the past several decades have witnessed the rise of financial capitalism: a system in which finance, once the handmaiden of industry, has taken the lead as the engine driving capitalism.”

“Our task, both in the financial sector and in civil society, is to help people find meaning and a larger social purpose in the economic system.”

“CEO embodies the purpose of the company.”

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 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.

The Author

The Author’s Blog

http://aida.econ.yale.edu/~shiller/