Summary:
The book explores innovative financial tools and ideas for managing and distributing risk in society, advocating for better financial insurance mechanisms, such as livelihood insurance and intergenerational social security, to address economic inequality and provide stability. It discusses the potential of technology and finance to create a more secure economic future through improved risk management strategies.
Key points:
1. Risk Management for Growth: Shiller believes managing risk well is key to a society's wealth and stability. He suggests creating new financial tools and markets to spread risk, protecting people from life's financial ups and downs.
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