Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks

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

Shiller, Robert J.

Paperback

Series: Clarendon Lectures in Economics

EconomicsInvesting & Finance

ISBN10: 0198294182
ISBN13: 9780198294184
Publisher: Oxford University Press
Published: Jun 25 1998
Pages: 272
Weight: 0.76
Height: 0.56 Width: 6.42 Depth: 8.72
Language: English
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.

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