Does Finance Benefit Society?

43 Pages Posted: 2 Feb 2015

See all articles by Luigi Zingales

Luigi Zingales

University of Chicago - Booth School of Business; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

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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.

Suggested Citation

Zingales, Luigi, Does Finance Benefit Society? (January 2015). NBER Working Paper No. w20894, Available at SSRN: https://ssrn.com/abstract=2558947

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Centre for Economic Policy Research (CEPR)

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