Naslov
Book Review: Finance and the Good Society (Robert J., Shiller)

Autori
Prohaska, Zdenko

Izvornik
Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu (1331-8004) 33 (2015), 2; 351-353

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, osvrt, znanstveni

Ključne riječi
review ; finance ; good society

Sažetak
The Book Finance and the Good Society was written by Robert J. Shiller who is the Sterling Professor of Economics at Yale University, a bestselling author of books like Irrational Exuberance and a Nobel Prize Laureat in Economics together with Eugene Fama and Lars Peter Hansen in 2013. Robert Shiller is the only who has predicted both, the dotcom financial bubble in 2000 and the US housing crisis in 2005, so the reader could expect a critical analysis of the financial sector, as well as remedies how the financial system could be improved to avoid such shortcomings and crises in the future, what should lead us to, as he called it, the Good Society. With these expectations in mind the reader is faced with a scientific-popular book of 312 pages, divided in two parts and 30 chapters. The book itself is written in a manner that it is readable for students of economics and business, practitioners in finance and the general public. Taking all that into consideration, the reader of the book comes to the conclusion that Shiller has almost perfectly described how the financial system operates, but he lacks concrete recommendations in what way to improve it to avoid deep financial crises happened recently. On the contrary, his arguments for even more necessary financial innovations and sophisticated tools could cause or at least initiate additional bubbles and crashes in the future.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA