Shiller

At a time when the world is reeling under the spell of the worst ever economic crisis since the Great Depression of 1929, the financial domain has come in for some scathing and loathsome attack (much of it deserved) for the blatant ills promulgated and propagated by its practitioners in a shameless manner.

Robert Schiller, one of the most respected and prescient economists plying his wares today, offers, in this book a set of measures and means by which Finance can be restored to a pedestal of respectability and trust. By exhorting the concept of democratization of the whole spectrum of Finance, Schiller argues that the road to economic prosperity lies in the facets of transparency, innovation, comprehension and reciprocal trust.

Set out in two halves, the first part of the book deals with the indispensable roles and responsibilities of a whole gamut of market participants such as investment bankers, regulators, traders, financial engineers, insurers, lobbyists, lawyers, regulators, public goods financiers and the likes. The latter half of the book explores the discontent of Finance and measures to ameliorate if not obliterate such discontent. Employing a blend of common sense suggestions and radically innovative solutions, Schiller strives to rid Finance of its stigma with a view to make the interconnected economic world a better and more trustworthy place to live and transact.

“Finance and The Good Society” – A manual for resurrection of trust.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.