The new financial order : risk in the 21st century / Robert J. Shiller.

Includes bibliographical references (p. 325-350) and index.

Introduction: Promise of economic security. Economic risks in an advancing world. What the world might gave looked like since 1950 -- Hidden problem of economic risk -- Why new technology creates risks -- Forty thieves : the many kinds of economic risks -- How science and technology create new opportunities in finance. New information technology applied to risk management -- Science of psychology applied to risk management -- Nature of invention in finance -- Six ideas for a new financial order. Insurance for livelihoods and home values -- Macro markets : trading the biggest risks -- Income-linked loans : reducing the risks of hardship and bankruptcy -- Inequality insurance : protecting the distribution of income -- Intergenerational social security : sharing risks between young and old -- International agreements for risk control -- Deploying the new financial order. Global risk information databases -- New units of measurement and electronic money -- Making the ideas work : Research and advocacy -- New financial order as a continuation of a historical process. Lessons from major financial inventions -- Lessons from major social insurance inventions -- Epilogue: Model of radical financial innovation.