As the worldly philosophers of the past affirmed, the goal…
“As the worldly philosophers of the past affirmed, the goal of economics is to improve the way society functions. In The New Financial Order, Robert Shiller joins this proud tradition by directing his brilliant economic skills toward the creation of financial institutions designed to reduce the risks an unknown future visits on most members of our society and others. Shiller's imaginative and compelling analysis will appeal to all readers who share his passion for initiating not only a richer, but a better, century.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Economics aims to enhance societal function by designing institutions that mitigate future risks for all.
In simple terms: Economics seeks to improve society and reduce future risks.
Key Takeaway
Design resilient financial systems.
Themes
economics
societal improvement
risk management
Mood
analytical
optimistic
Type
policy
inspirational
When to use this quote
- policy making
- financial planning
- public education
- investment strategies
Key Concepts
institutional design
future planning
Questions to Reflect On
- What risks are hardest to predict?
- How can we balance innovation with safety?
A Different Perspective
Complex models may overlook unforeseen variables.