Macro Markets

Robert Shiller has created a unique and authoritative set of proposals for establishing new markets for the management of the biggest economic risks faced by governments. He argues that we have largely the wrong financial markets and that establishing new ones may fundamentally alter and diminish international economic fluctuations and reduce the inequality of incomes. Macro Markets introduces new areas for research and discussion in the field of financial economics, and is part of the distinguished Clarendon Lectures in Economics series.