Summer Reading Sale
 
 

Recently Viewed clear list


The Powell's Playlist | June 18, 2014

Daniel H. Wilson: IMG The Powell’s Playlist: Daniel H. Wilson



Like many writers, I'm constantly haunting coffee shops with a laptop out and my headphones on. I listen to a lot of music while I write, and songs... Continue »

spacer
Qualifying orders ship free.
$24.95
New Hardcover
Ships in 1 to 3 days
Add to Wishlist
Qty Store Section
13 Local Warehouse Business- Accounting and Finance
8 Remote Warehouse Business- Accounting and Finance

More copies of this ISBN

Finance and the Good Society

by

Finance and the Good Society Cover

 

Synopses & Reviews

Publisher Comments:

"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

Review:

"Shiller, professor of economics at Yale and author of the best-selling Irrational Exuberance, examines the future of finance in this timely new book. Recognizing the anger of many Americans — as evidenced in part by the rise of the Occupy movement — Shiller suggests that the way to fix our increasingly unequal society is through the 'democratization' and 'humanization' of finance. From bankers to philanthropists to lobbyists, he outlines the key players and grapples with the pervasive mood of discontent towards the financial industry. Apologist in tone, Shiller pushes for financial innovation and altruism as a means of helping society achieve its goals. While he notes that this book is for the general public, it was originally intended for his students at Yale, and the academic tone persists. His attempts to connect with a wider readership are often misguided — Joni Mitchell, Walt Whitman, and Pablo Escobar (among others) each make a cameo for a paragraph or two, never to be mentioned again. Shiller's biggest difficulty is that he tries for an unruly combination of economics, history, psychology, neuroscience, and philosophy. The resulting jumble of information overwhelms his most fundamental idea: that expanding the scope of finance will help create a good society. (Apr.)" Publishers Weekly Copyright PWxyz, LLC. All rights reserved.

Review:

"This latest book from Shiller is a thought-provoking, lucid, wide-ranging and largely convincing explanation of why this is so. Shiller falls into the category of idealistic, yet practical, reformers on whom so much of human progress has depended. This book demonstrates these qualities perfectly." --Martin Wolf, Prospect Magazine

Synopsis:

"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

Synopsis:

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.

Table of Contents

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

Product Details

ISBN:
9780691154886
Author:
Shiller, Robert J.
Publisher:
Princeton University Press
Subject:
Finance
Subject:
Economics
Subject:
Sociology
Subject:
Political Science and International Relations
Subject:
Business-Accounting and Finance
Publication Date:
20120331
Binding:
HARDCOVER
Language:
English
Pages:
304
Dimensions:
9 x 6 in

Other books you might like

  1. Dictionary of American Regional... New Hardcover $126.75
  2. Full Dark House: A Peculiar Crimes...
    Used Trade Paper $4.95
  3. White Corridor: A Peculiar Crimes... Used Trade Paper $8.00

Related Subjects

Business » Accounting and Finance
Business » Business Law
Business » General
Business » Management
Business » Writing
Featured Titles » History and Social Science
History and Social Science » Economics » General
History and Social Science » Politics » General

Finance and the Good Society New Hardcover
0 stars - 0 reviews
$24.95 In Stock
Product details 304 pages Princeton University Press - English 9780691154886 Reviews:
"Publishers Weekly Review" by , "Shiller, professor of economics at Yale and author of the best-selling Irrational Exuberance, examines the future of finance in this timely new book. Recognizing the anger of many Americans — as evidenced in part by the rise of the Occupy movement — Shiller suggests that the way to fix our increasingly unequal society is through the 'democratization' and 'humanization' of finance. From bankers to philanthropists to lobbyists, he outlines the key players and grapples with the pervasive mood of discontent towards the financial industry. Apologist in tone, Shiller pushes for financial innovation and altruism as a means of helping society achieve its goals. While he notes that this book is for the general public, it was originally intended for his students at Yale, and the academic tone persists. His attempts to connect with a wider readership are often misguided — Joni Mitchell, Walt Whitman, and Pablo Escobar (among others) each make a cameo for a paragraph or two, never to be mentioned again. Shiller's biggest difficulty is that he tries for an unruly combination of economics, history, psychology, neuroscience, and philosophy. The resulting jumble of information overwhelms his most fundamental idea: that expanding the scope of finance will help create a good society. (Apr.)" Publishers Weekly Copyright PWxyz, LLC. All rights reserved.
"Review" by , "This latest book from Shiller is a thought-provoking, lucid, wide-ranging and largely convincing explanation of why this is so. Shiller falls into the category of idealistic, yet practical, reformers on whom so much of human progress has depended. This book demonstrates these qualities perfectly." --
"Synopsis" by , "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

"Synopsis" by , 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.

spacer
spacer
  • back to top
Follow us on...




Powell's City of Books is an independent bookstore in Portland, Oregon, that fills a whole city block with more than a million new, used, and out of print books. Shop those shelves — plus literally millions more books, DVDs, and gifts — here at Powells.com.