New Financial Order Risk in the 21st Century

Name: New Financial Order Risk in the 21st Century
Price: 4.68 USD
Availability: InStock
ISBN: 9780691120119

ISBN-10: 0691120110

ISBN-13: 9780691120119

Edition: 2004

Authors: Robert J. Shiller

List price: $39.95

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Description:

In his best-sellingIrrational Exuberance, Robert Shiller cautioned that society's obsession with the stock market was fueling the volatility that has since made a roller coaster of the financial system. Less noted was Shiller's admonition that our infatuation with the stock market distracts us from more durable economic prospects. These lie in the hidden potential of real assets, such as income from our livelihoods and homes. But these ''ordinary riches,'' so fundamental to our well-being, are increasingly exposed to the pervasive risks of a rapidly changing global economy. This compelling and important new book presents a fresh vision for hedging risk and securing our economic future. …

Book details

List price: $39.95
Copyright year: 2004
Publisher: Princeton University Press
Publication date: 7/26/2004
Binding: Paperback
Pages: 384
Size: 6.00" wide x 9.00" long x 1.25" tall
Weight: 1.144
Language: English

Robert J. Shiller is the Stanley B. Resor Professor of Economics at Yale University. Also the author of the award-winning "Macro Markets" as well as "Market Volatility", he lives in New Haven, Connecticut.



Preface


Acknowledgments


Introduction: The Promise of Economic Security



Economic Risks in an Advancing World



What the World Might Have Looked Like since 1950



The Hidden Problem of Economic Risk



Why New Technology Creates Risks



Forty Thieves: The Many Kinds of Economic Risks



How Science and Technology Create New Opportunities in Finance



New Information Technology Applied to Risk Management



The Science of Psychology Applied to Risk Management



The Nature of Invention in Finance



Six Ideas for a New Financial Order



Insurance for Livelihoods and Home Values



Macro Markets: Trading the Biggest Risks



Income-Linked Loans: Reducing the Risks of Hardship and Bankruptcy



Inequality Insurance: Protecting the Distribution of Income



Intergenerational Social Security: Sharing Risks between Young and Old



International Agreements for Risk Control



Deploying the New Financial Order



Global Risk Information Databases



New Units of Measurement and Electronic Money



Making the Ideas Work: Research and Advocacy



The New Financial Order as a Continuation of a Historical Process



Lessons from Major Financial Inventions



Lessons from Major Social Insurance Inventions


Epilogue: A Model of Radical Financial Innovation


Notes


References


Index