The New Financial Order: Risk in the 21st Century
Enlarge cover
Rate this book
Clear rating

The New Financial Order: Risk in the 21st Century

3.58 of 5 stars 3.58  ·  rating details  ·  48 ratings  ·  7 reviews

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

...more
Hardcover, 384 pages
Published April 13th 2003 by Princeton University Press (first published March 1st 2003)
more details... edit details

Friend Reviews

To see what your friends thought of this book, please sign up.

Community Reviews

(showing 1-30 of 176)
filter  |  sort: default (?)  |  rating details
May
Relative to Irrational Exuberance, which received much acclaim, The New Financial Order was not given the same sort of thumbs up. I'm a bit biased having seen him speak and thinking that many of his ways of looking at the world are quite unique. A huge fan of Shiller, I was taken aback to find that the reviews of the book were very mixed. Of course i had to read it and have my own say.

Shiller's book which proposes a "New Financial Order" does in fact provide his preliminary thoughts on how that...more
John
Those who want a positive, ethical, and thoughtful account of a number of plausible, expansive futures for the scope of financial policy in our lives will enjoy this book. It was written in 2003, and is beginning to show its age. Although many of the policies that are presented could still be pursued, it is written without the kinds of arguments, caveats, and measures that are now necessary given what we have learned about the financial crisis. It is also disappointing that that although this bo...more
Jeremy Highsmith
First published in 2003, Shiller illustrates several interesting proposals for creating markets and contracts to hedge a wide range of social and economic risks. It could be an interesting prognostication of new markets and financial innovations or a deadend given the recent problems of counterparty risk and synthetic/ derivative indices. The S&P/Case Shiller Home Price Index (HPI) and several European residential and commercial real estate indices are examples of successful implementation (...more
Brock
Dec 24, 2008 Brock added it
This book poses some interesting ideas and makes you think about possible methods to mitigate social and personal risk. Even though reality tells us that many of the Utopian ideals of this book will likely never come to be, it still is a good book that makes you think that we may be better off somewhere in the middle ground.
Jeffrey
Got it at Princeton's bookshop. Read it while on holiday. Interesting enough to capture my attention!
Grantrhodes
shorter would have been better
Tbv
this is good.
Leland William
Leland William marked it as to-read
Apr 14, 2014
Malik
Malik marked it as to-read
Apr 09, 2014
Josh
Josh marked it as to-read
Apr 06, 2014
Juan Alderete
Juan Alderete marked it as to-read
Apr 05, 2014
Raza Mustafa
Raza Mustafa marked it as to-read
Mar 29, 2014
Beau Kramer
Beau Kramer marked it as to-read
Mar 23, 2014
Tiffany
Tiffany marked it as to-read
Mar 08, 2014
Sergey
Sergey marked it as to-read
Mar 02, 2014
Steven Zachary
Steven Zachary marked it as to-read
Feb 28, 2014
Dario
Dario added it
Feb 19, 2014
Stuart Allen
Stuart Allen marked it as to-read
Feb 06, 2014
Cj Rooney
Cj Rooney marked it as to-read
Feb 04, 2014
Rah
Rah marked it as to-read
Feb 04, 2014
Katerina
Katerina marked it as to-read
Feb 02, 2014
Johnmichael
Johnmichael marked it as to-read
Jan 28, 2014
Ed
Ed marked it as to-read
Jan 27, 2014
Stephanie
Stephanie marked it as to-read
Jan 25, 2014
« previous 1 3 4 5 6 next »
There are no discussion topics on this book yet. Be the first to start one »
57771
Robert James "Bob" Shiller (born Detroit, Michigan,March 29, 1946) is an American economist, academic, and best-selling author. He currently serves as the Arthur M. Okun Professor of Economics at Yale University and is a Fellow at the Yale International Center for Finance, Yale School of Management. Shiller has been a research associate of the National Bureau of Economic Research (NBER) since 1980...more
More about Robert J. Shiller...
Irrational Exuberance The Subprime Solution: How Today's Global Financial Crisis Happened, and What to Do about It Finance and the Good Society Market Volatility Euforia irrazionale. Alti e bassi di Borsa.

Share This Book