Summary:
The book argues that financial capitalism, when properly regulated and managed, can lead to greater societal well-being by providing opportunities for a wide range of individuals to participate in the economy. It discusses the roles of various financial players – from bankers to lawyers to regulators – in fostering an environment that can promote the common good.
Key points:
1. Finance for Good: Shiller believes that well-regulated finance can solve social issues by directing money to where it's needed and helping people manage risks and create wealth.
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