{"product_id":"the-new-financial-order-risk-in-the-21st-century","title":"The New Financial Order: Risk in the 21st Century","description":"\u003cp\u003eIn his best-selling Irrational Exuberance  Robert Shiller cautioned that societys obsession with the stock market was fueling the volatility that has since made a roller coaster of the financial system. Less noted was Shillers admonition that our infatuation with the stock market distracts us from more durable economic prospects. These lie in the hidden potential of real assets  such as income from our livelihoods and homes. But these ordinary riches  so fundamental to our well-being  are increasingly exposed to the pervasive risks of a rapidly changing global economy. This compelling and important new book presents a fresh vision for hedging risk and securing our economic future.  Shiller describes six fundamental ideas for using modern information technology and advanced financial theory to temper basic risks that have been ignored by risk management institutions--risks to the value of our jobs and our homes  to the vitality of our communities  and to the very stability of national economies. Informed by a comprehensive risk information database  this new financial order would include global markets for trading risks and exploiting myriad new financial opportunities  from inequality insurance to intergenerational social security. Just as developments in insuring risks to life  health  and catastrophe have given us a quality of life unimaginable a century ago  so Shillers plan for securing crucial assets promises to substantially enrich our condition.  Once again providing an enormous service  Shiller gives us a powerful means to convert our ordinary riches into a level of economic security  equity  and growth never before seen. And once again  what Robert Shiller says should be read and heeded by anyone with a stake in the economy.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":44985833390133,"sku":"ByrdShop_0691091722","price":27.29,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9780691091723.jpg?v=1770873212","url":"https:\/\/atxbooks.com\/products\/the-new-financial-order-risk-in-the-21st-century","provider":"ATX Books","version":"1.0","type":"link"}