In this compelling and important new book, the author of the bestselling "Irrational Exuberance" presents a fresh vision for hedging risk and securing our economic future.
书评与摘要:
In his best-selling Irrational 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.
Shiller describes six fundamental ideas for using modern information technology and advanced financial theory to temper basic risks that have been ignored by risk management institutions--risks to the value of our jobs and our homes, to the vitality of our communities, and to the very stability of national economies. Informed by a comprehensive risk information database, this new financial order would include global markets for trading risks and exploiting myriad new financial opportunities, from inequality insurance to intergenerational social security. Just as developments in insuring risks to life, health, and catastrophe have given us a quality of life unimaginable a century ago, so Shiller's plan for securing crucial assets promises to substantially enrich our condition. Once again providing an enormous service, Shiller gives us a powerful means to convert our ordinary riches into a level of economic security, equity, and growth never before seen. And once again, what Robert Shiller says should be read and heeded by anyone with a stake in the economy.
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商品简介:
In this compelling and important new book, the author of the bestselling "Irrational Exuberance" presents a fresh vision for hedging risk and securing our economic future.
书评与摘要:
In his best-selling Irrational 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.
Shiller describes six fundamental ideas for using modern information technology and advanced financial theory to temper basic risks that have been ignored by risk management institutions--risks to the value of our jobs and our homes, to the vitality of our communities, and to the very stability of national economies. Informed by a comprehensive risk information database, this new financial order would include global markets for trading risks and exploiting myriad new financial opportunities, from inequality insurance to intergenerational social security. Just as developments in insuring risks to life, health, and catastrophe have given us a quality of life unimaginable a century ago, so Shiller's plan for securing crucial assets promises to substantially enrich our condition. Once again providing an enormous service, Shiller gives us a powerful means to convert our ordinary riches into a level of economic security, equity, and growth never before seen. And once again, what Robert Shiller says should be read and heeded by anyone with a stake in the economy.编辑推荐:
罗伯特·J·希勒又完成了一项创举。在《金融新秩序》一书中,他解释了风险管理的创新,将有效地防范和化解所有人都面临的一些 严惩的风险,从而将不仅为富人带来利益,也会改善穷人和中产阶级的生活。这本杰出的著作值得所有人读一读,它预示了金融市场在新世纪中的发展方向。
内容提要:
本书介绍了一种全新的风险管理体系,以帮助人们保障国民财富的安全,保护世界各地的人们赖以生存的数以十亿美元计的、小的——也不是太小的——经济收益。绝大部分这样的经济收税收税益不会成为新闻,甚至不会引发很多公众讨论,但它们可以加强本来很难获得的经济安全,没有它们,任何表面的进步都是空幻的。通过从根本上改变我们的基本制度,通过管理各类大小风险的方法,我们可以更好地改善我们的生活和社会,而不仅仅是对现状进行修修补补。
目录:
导言 经济安全的承诺
无道德危害条件下的激励机制
关于金融新秩序的六大主张
金融新秩序的景象
今天的风险管理
信息技术
金融理论与实践
心理学、行为金融学和框架效应
金融创新可能存在的问题
道德因素
本书的结构
篇 世界进步中的经济风险
章 1950年以来的世界
改善风险管理体系——重塑1950年以来的历史
50年代落后的信息技术与思维游戏
迫切性
第二章 经济风险中的隐性问题
生活水准的波动性
很少被谈论的个人经验风险
人们总是选择放弃机会以躲避风险
经济风险的结果
家庭可以帮助你缓解和隐藏风险
社会收入再分配的主要途径
幸运的20世纪
透视我们和我们的风险
第三章 为何新技术创造风险
第四章 四十大盗:多种类型的经济风险
第二篇 科学技术如何为金融业创造新机遇
第五章 风险管理中新信息技术的应用
第六章 风险管理中心理学的应用
第七章 金融创新的性质
第三篇 金融新秩序的六大主张
第八章 生计保险和房屋价值保险
第九章 宏观市场:型风险的交易
第十章 收入相关贷款:降低财务困难与破产风险
第十一章 不平等保险:保护收入的公平分配
第十二章 跨代际社会保障:在年轻人和老年人之间分担风险
第十三章 风险控制的国际协议
第四篇 金融新秩序的实施
第十四章 全球风险信息数据库
第十五章 新度量单位和电子货币
第十六章 实现风险管理的主张:研究和提倡
第五篇 金融新秩序是历史的延续
第十七章 历史上主要的金融创新
第十八章 历史上主要的社会保险创新
结语 一个激进的金融创新模型