Macroeconomic Market: Creating a system of institutions to manage major economic risks

Author: Bert J. Schiller
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: 2002-07-01
Features: This book is the culmination of the author's dedicated research on this issue. Society indeed shares certain types of risks, such as natural disasters, sudden illnesses, and temporary unemployment; society is concerned with or highly catastrophic disasters. However, most risks that significantly impact an individual's lifetime welfare remain indivisible, and our living standards are largely determined by luck. The main contents of this book include Preface, Acknowledgments, Introduction, Psychological Barriers, Mechanisms for Preserving the Value of Long-Term Income Streams, National Income and Labor Income Markets, Real Estate and Other Markets, Building Indices for Futures Contracts, Indices: Issues and Choices, Some Questions about Index Adjustments, The Wheels of Progress, References, Index of Names, and Subject Index.