作者：RobertJ.Shiller
出版社：PrincetonUniversityPress
出版年：2012-3-20
页数：304
定价：USD24.95
装帧：Hardcover
ISBN：9780691154886
内容简介
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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.
Endorsements:
"Finance and the Good Society is a provocative call for understanding, then reinventing finance as a force that could create inclusive prosperity. Shiller acknowledges the excesses, inequalities, and unfortunate incentives to sleaziness in the current financial system but says it doesn't have to be that way. An important book for those who seek change."–Rosabeth Moss Kanter, Harvard Business School Professor and author of SuperCorp: How Vanguard Companies Create Innovation, Profit, Growth, and Social Good
"Drawing from history, economic theory, and keen observation of our economy, Robert Shiller brings a fresh perspective to a big issue–the role of finance in our society. He urges us to overcome the popular misperception that all finance is sleazy and to think broadly about how we can harness its power for the benefit of society as a whole."–Darrell Duffie, Graduate School of Business, Stanford University
"Many MBA students are fascinated by the world of finance but wary of entering it because they perceive it as declining and marred by unethical behavior. This book will show them why finance is and should be a vital part of the good society's solution, rather than its problem. No other book does this with more authority or credibility."–Shlomo Maital, professor emeritus, Technion-Israel Institute of Technology
"This is an overflowing feast of ideas and facts–from Adam Smith to neuroscience to casino design–that will convince intelligent readers who think of finance as an arcane subject that it is not just interesting but even entertaining."–Robert Wade, London School of Economics and Political Science
作者简介
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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.
目录
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Preface vii
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
评论 ······
A useful summary of careers in finance but reads like an apologia for the industry without due consideration for the self-reinforcing negative effects of credit expansion in recent decades.
第一次给我，一个刚刚接触金融的小本科生，从高处着手全面地介绍金融业的略缩地图；另外也很感激自己老师推荐自己读的这本书，这本书对我意义重大。本来自诩一个艺术的孩子，热爱大自然热爱美好社会，对充满铜臭的金融无感；被迫读的金融专业后，是这本书告诉我自己当初的看法是多么幼稚可笑，也告诉我金融能怎样塑造一个更好的社会。非常感激！
读的算是第一本经济学的书（上一本是Thinking, Fast and Slow,当心理跟行为看…）。总的来说，开了眼界，很开心（重点）。这本书展现的是big picture，经济，市场对这个社会的作用以及影响。对金融工具的描述很有趣，尤其是听到作者拼命呐喊着（误）金融工具真的对社会很狠狠有用！！做金融可以出于使命感而不是单纯赚钱！觉得很可爱哈哈…（BTW,我信他）。慢慢练习从另外一个角度去看这个…
刷新你对金融学的理解。finance contributes to a good society.各个role的职责和发展历史作用都有讲
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