The New Financial Order: Risk in the 21st Century - Rilegato

Shiller, Robert J.

Rilegato

ISBN 10: 0691091722 ISBN 13: 9780691091723

Casa editrice: Princeton Univ Pr, 2003

Riassunto

The best-selling author of Irrational Exuberance provides an eye-opening look at the impact of a rapidly evolving global economy on the financial world of the twenty-first century and presents six fundamental principles for using modern information technology and advanced financial theory to hedge risk and secure our financial future. 20,000 first printing. (Business & Finance)

Su questo libro

Recensione:

Robert J. Shiller, Co-Winner of the 2013 Nobel Prize in Economics

Co-Winner of the 2005 Kulp-Wright Book Award, American Risk and Insurance Association, Inc.
Winner of the 2003 Business Book Award, Financial Times Germany/getAbstract
Winner of the 2004 Wilmott Book Of The Year Award for General Finance
Honorable Mention for the 2003 Award for Best Professional/Scholarly Book in Economics, Association of American Publishers
"Shiller's ambition is exhilarating, and gives his work something that most business books lack; a deep sense of how economic ideas might transform people's everyday lives."--The New Yorker

"The New Financial Order [is] . . . easily accessible and pleasantly utopian."--Washington Post

"Certain to be controversial."--Publishers Weekly

"It is an understatement to say Shiller's book raises complex political, legal and economic questions. Some will probably never happen. But The New Financial Order is still worth a look. It casts some long-standing social problems in a new light, and it puts some fascinating ideas on the table."--Andrew Cassel, Philadelphia Inquirer

"While [his] ideas may sound unfamiliar--even radical--Shiller's reasoned case recalls earlier financial innovations such as stock and futures markets, life and unemployment insurance, and earned income tax credits. The earlier innovations addressed the financial and risk management needs of individuals and societies in the same way Shiller proposes for his concepts."--Library Journal

"The good news, on Professor Shiller's analysis, is that it is now possible to conceive and construct trade-able indices that will allow insurers to offer protection against such things as industrial decline and demographically-induced pension shortfalls. If we all knew such insurance was available, we could afford more risks with our choice of career, to the benefit of the economy. Creativity is the lifeblood of capitalist economics. Emotional worries about the risk of unemployment are one of the biggest threats to continued innovation. . . . The data and technology to make a market in such things exists. All that is lacking, Professor Shiller says, is the will to make them a commercial reality."--Jonathan Davis, The Independent

"There are financial markets that help us manage fluctuations in corporate profitability and commodity prices. But there are no markets to help manage risks from fluctuations in labor markets and housing markets, even though these have a much bigger impact on most peoples' financial security. How could we design markets to help manage such risks? This challenging problem is examined in Robert J. Shiller's book The New Financial Order."--Hal R. Varian, New York Times

"[A] though-provoking book."--Risk

"Livelihood insurance. Income-linked loans. Inequality insurance. These are some of the bold and imaginative ideas suggested by Robert Shiller. . . . [W]hile the practical barriers to some of Shiller's suggestions may be immense, there is much that is stimulating in this book. If one were to look 30 years ahead, it would be foolish to bet against at least one of his ideas being widely adopted."--Philip Coggan, Financial Times

Dalla seconda/terza di copertina:

"Shiller has proved even bolder than we thought. . . . His ambitions are global and systemic. Shiller wants nothing less than to inspire and guide the redesign of the world financial system. The New Financial Order is ... a step-by-step description of what should be done to limit the damage done to people, and even entire nations, by capitalism's creative destruction."--Peter Coy, Business Week

"Robert Shiller has the remarkable ability to think independently and the courage to propose ideas that to middlebrow thinkers may sound speculative. Think of what your reaction would have been had someone discussed risksharing (insurance) before it became popular. . . . Throughout his career Shiller has stood for unpopular ideas and has been proven right (his 1981 paper on volatility, his 2000 discussion of the bubble). I would read and re-read this book."--Nassim Nicholas Taleb, author of Fooled by Randomness: The Hidden Role of Chance in the Markets and in Life

"Bob Shiller has done it again. In The New Financial Order, he tells how innovations in risk management can better the lives not just of the rich, but of the poor and the middle class, insuring against the most serious risks that face us all. There is something for everyone in this brilliant book. It foretells where financial markets are headed in the coming century."--George A. Akerlof, Goldman Professor of Economics, University of California, Berkeley, and Nobel Laureate in Economics

"As the worldly philosophers of the past affirmed, the goal of economics is to improve the way society functions. In The New Financial Order, Robert Shiller joins this proud tradition by directing his brilliant economic skills toward the creation of financial institutions designed to reduce the risks an unknown future visits on most members of our society and others. Shiller's imaginative and compelling analysis will appeal to all readers who share his passion for initiating not only a richer, but a better, century."--Peter L. Bernstein, author of Against the Gods: The Remarkable Story of Risk

"Robert Shiller's book, The New Financial Order, is an important work on a significant topic."--Joseph E. Stiglitz, author of Globalization and its Discontents, and Nobel Laureate in Economics

"This is one of those rare books that really captures the imagination by offering fresh ideas, that makes you think and at the same time is rigorous and serious. It's hard to exaggerate how unusual and exciting this is to a reader. One of the book's real joys is the way it captures the passion of economics for making people's lives better."--Diane Coyle, author of The Weightless World and Sex, Drugs, and Economics

"Shiller is a real visionary, and this book will be widely read and discussed. It suggests a remedy for a situation begging to be remedied: we live in an age of great material wealth, but equally great economic insecurity."--Herbert Gintis, University of Massachusetts, Amherst, and the Santa Fe Institute

"Robert Shiller's book, The New Financial Order, is an important work on a significant topic."--Joseph E. Stiglitz, author of Globalization and its Discontents, and Nobel Laureate in Economics

Su questa edizione

• Editore: Princeton Univ Pr
• Data di pubblicazione: 2003
• ISBN 10: 0691091722
• ISBN 13: 9780691091723
• Rilegatura: Copertina rigida
• Numero edizione: 1
• Numero di pagine: 366