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Why Finance is Good for Us: The Benefits of the System
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 403 no. 8779 (Apr. 2012)
,
page 82-83.
Topik:
Financial Services
;
Advantages
;
Social Impact
;
Book Reviews
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.71
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Finance and the Good Society by Robert Shiller is reviewed. Shiller's measured writing can seem slightly Panglossian at times, especially when he heaps praise on accountants and regulators. But his sensible message demands urgent attention. Shiller argues convincingly that the good society requires an effective financial sector, and the way to extend the good life to more people is not to shrink the sector nor restrain financial innovation but instead to release it. That does not mean that fraudsters and others who broke the law during the bubble years should go unpunished, of course. He starts the book by going through each component of the financial industry, looking at investment managers, mortgage lenders and accountants, as well as lobbyists, educators and philanthropists. Shiller explains the role they play in advancing the greater good, and, in so far as they contributed to the latest financial mess, he analyzes what they did wrong and how they might be made virtuous again.
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