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Macro Markets: Creating Institutions for Managing Society's Largest
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Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks Paperback - 1998 - 198th Edition

by Robert J. Shiller

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Arguing that we have largely inadequate financial markets, dealing with relatively small risks, Robert Shiller makes a unique set of proposals for marketizing the biggest economic risks faced by society today, risks that really matter to most people. The new markets could diminish the impact of international economic fluctuations and reduce the inequality of wealth. He proposes new international markets for claims on national incomes, on components and aggregates of national incomes, and for property such as real estate, and argues that these markets might dwarf our stock markets in their activity and significance. He challenges the widespread presumption that any such new market would be infeasible, by offering solutions to technical problems of measurement and settlement. There are proposals for implementing markets in perpetual claims and a substantial section on the construction of index numbers for use in settlement in the new markets.

First line

Living standards are not fully insurable because of moral-hazard problems: if people or organizations knew that their incomes were guaranteed regardless of the amount of effort that they put in, then there would be a markedly reduced incentive to make efforts to maintain income.

Details

  • Title Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks
  • Author Robert J. Shiller
  • Binding Paperback
  • Edition number 198th
  • Edition 198
  • Pages 272
  • Volumes 1
  • Language ENG
  • Publisher OUP Oxford, Oxford, U.K.
  • Publication date 1998-06-25
  • ISBN 9780198294184 / 0198294182
  • Weight 0.76 lbs (0.34 kg)
  • Dimensions 8.72 x 6.42 x 0.56 in (22.15 x 16.31 x 1.42 cm)
  • Reading level 1530
  • Category Business / Economics / Finance
  • Dewey Decimal Code 332.042

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Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks (Clarendon Lectures in Economics)

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Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks

Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks

by Robert J. Shiller

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Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks

Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks

by Robert J. Shiller

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Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks

Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks

by Robert J. Shiller

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9780198294184 / 0198294182
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Paperback / softback. New. Robert Shiller has created a proposals for establishing new markets for the management of the biggest economic risks faced by governments. He argues that we have largely the wrong financial markets and that establishing new ones may fundamentally alter and diminish international economic fluctuations and reduce the inequality of incomes.
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A$93.24
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Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks (Clarendon...
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Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks (Clarendon Lectures in Economics)

by Shiller, Robert J

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198th Revised ed
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ISBN 10 / ISBN 13
9780198294184 / 0198294182
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Macro Markets
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Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks (Clarendon...
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Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks (Clarendon Lectures in Economics)

by Shiller, Robert J.

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Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks (Clarendon...
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Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks (Clarendon Lectures in Economics)

by Shiller, Robert J

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Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks (Clarendon...
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Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks (Clarendon Lectures in Economics)

by Shiller, Robert J

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  • Paperback
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Edition
198th Revised ed
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Paperback
ISBN 10 / ISBN 13
9780198294184 / 0198294182
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OXFORD UNIVERSITY PRESS, 1998-06-25. 198th Revised ed. paperback. Used: Good. 8.50x5.51x0.61. Buy with confidence. Excellent Customer Service & Return policy.
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Macro Markets
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Macro Markets

by Shiller, Robert J,

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