Does Finance Benefit Society?
44 Pages Posted: 23 Jan 2015
There are 3 versions of this paper
Does Finance Benefit Society?
Does Finance Benefit Society?
Date Written: January 2015
Abstract
Academics' view of the benefits of finance vastly exceeds societal perception. This dissonance is at least partly explained by an under-appreciation by academia of how, without proper rules, finance can easily degenerate into a rent-seeking activity. I outline what finance academics can do, from a research point of view and from an educational point of view, to promote good finance and minimize the bad.
Keywords: financial development, financial integration, rent seeking
JEL Classification: G00, O43
Suggested Citation: Suggested Citation
Luigi Zingales (Contact Author)
University of Chicago - Booth School of Business ( email )
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European Corporate Governance Institute (ECGI) ( email )
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