Bridge over ocean
1 January 2013 Financial Analysts Journal Volume 69, Issue 1

Capitalism and Financial Innovation

  1. Robert J. Shiller

At the 2012 CFA Institute Financial Analysts Seminar, held 23–27 July in Chicago, Robert J. Shiller discussed his view that capitalism must be constantly updated through innovation in order to be successful in its purpose of achieving society’s goals. Three recent innovations—the benefit corporation, crowd funding, and the social impact bond—are good examples of how finance and financiers can contribute to attaining these goals.

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