An edition of Macro Markets
(1994)
Macro Markets
Creating Institutions for Managing Society's Largest Economic Risks (Clarendon Lectures in Economics)
by Robert Shiller
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Last edited by Open Library Bot
April 28, 2010 | History
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Macro Markets: Creating Institutions for Managing Society's Largest Economic Risks (Clarendon Lectures in Economics)
June 2, 1994, Oxford University Press, USA
in English
0198287828 9780198287827
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First Sentence
"Living standards are not fully insurable because of moral-hazard problems: if people or organizations knew that their incomes were guaranteed regardless of the amount of effort that they put in, then there would be a markedly reduced incentive to make efforts to maintain income."
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| April 28, 2010 | Edited by Open Library Bot | Linked existing covers to the work. |
| December 10, 2009 | Created by WorkBot | add works page |