Ethical asset valuation and the good society /:
For all of their focus on asset prices, financial economists rarely ask if assets are priced ethically--that is, if their prices are compatible with the public good. Yet in a world facing major, possibly catastrophic problems--global warming, for instance, and growing inequality--it is now more impo...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
New York :
Columbia University Press,
[2018]
|
| Schriftenreihe: | Kenneth J. Arrow lecture series (New York, N.Y.)
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | For all of their focus on asset prices, financial economists rarely ask if assets are priced ethically--that is, if their prices are compatible with the public good. Yet in a world facing major, possibly catastrophic problems--global warming, for instance, and growing inequality--it is now more important than ever that we allocate capital to projects that will benefit society as a whole, not just today but far into the future. In this book, Christian Gollier develops a powerful method for transforming our societal goals of collective prosperity into the cornerstone of our financial decision making. Ethical Asset Valuation and the Good Society starts by stating transparent moral principles and, from these, derives simple rules that can be used to evaluate saving and investment decisions in terms of the public good. Rather than trying to explain observed asset prices, Gollier derives what these prices ought to be in order to direct capital toward socially desirable investments. He focuses especially on the two prices that drive most financial decisions--the price of time as reflected in the interest rate and the price of risk--and explores the role these play in our long-term planning. If investment projects in renewable energy could be financed at a lower interest rate than those linked to fossil fuels, for instance, the energy transition would be easier to accomplish. Building on criticism of the short-term thinking of financial markets, Gollier suggests ways to shift investment toward the future through the discounting of the valuation of assets and investments with long-term benefits. In this sophisticated but accessible work, Gollier builds a bridge between welfare economics and finance theory to provide a framework for ethical valuation capable of establishing what asset prices should be on the basis of our shared moral values. |
| Beschreibung: | 1 online resource (xxx, 215 pages). |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9780231545921 0231545924 |
Internformat
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| 245 | 1 | 0 | |a Ethical asset valuation and the good society / |c Christian Gollier. |
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| 504 | |a Includes bibliographical references and index. | ||
| 505 | 0 | |a Introduction -- Collective aspirations -- Choice and measure of values -- Do we do enough for the future? -- Is the world too risky? -- Conclusion. | |
| 520 | |a For all of their focus on asset prices, financial economists rarely ask if assets are priced ethically--that is, if their prices are compatible with the public good. Yet in a world facing major, possibly catastrophic problems--global warming, for instance, and growing inequality--it is now more important than ever that we allocate capital to projects that will benefit society as a whole, not just today but far into the future. In this book, Christian Gollier develops a powerful method for transforming our societal goals of collective prosperity into the cornerstone of our financial decision making. Ethical Asset Valuation and the Good Society starts by stating transparent moral principles and, from these, derives simple rules that can be used to evaluate saving and investment decisions in terms of the public good. Rather than trying to explain observed asset prices, Gollier derives what these prices ought to be in order to direct capital toward socially desirable investments. He focuses especially on the two prices that drive most financial decisions--the price of time as reflected in the interest rate and the price of risk--and explores the role these play in our long-term planning. If investment projects in renewable energy could be financed at a lower interest rate than those linked to fossil fuels, for instance, the energy transition would be easier to accomplish. Building on criticism of the short-term thinking of financial markets, Gollier suggests ways to shift investment toward the future through the discounting of the valuation of assets and investments with long-term benefits. In this sophisticated but accessible work, Gollier builds a bridge between welfare economics and finance theory to provide a framework for ethical valuation capable of establishing what asset prices should be on the basis of our shared moral values. | ||
| 588 | 0 | |a Print version record. | |
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| 650 | 0 | |a Valuation. |0 http://id.loc.gov/authorities/subjects/sh85141927 | |
| 650 | 0 | |a Common good. |0 http://id.loc.gov/authorities/subjects/sh87001903 | |
| 650 | 0 | |a Evaluation. |0 http://id.loc.gov/authorities/subjects/sh85045926 | |
| 650 | 6 | |a Marché financier |x Aspect moral. | |
| 650 | 6 | |a Valeurs mobilières |x Prix. | |
| 650 | 6 | |a Valeur. | |
| 650 | 6 | |a Évaluation. | |
| 650 | 6 | |a Bien commun. | |
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| 776 | 0 | 8 | |i Print version: |a Gollier, Christian. |t Ethical asset valuation and the good society. |d New York : Columbia University Press, [2018] |z 9780231170420 |w (DLC) 2017020978 |w (OCoLC)994296630 |
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Datensatz im Suchindex
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| contents | Introduction -- Collective aspirations -- Choice and measure of values -- Do we do enough for the future? -- Is the world too risky? -- Conclusion. |
| ctrlnum | (OCoLC)995162522 |
| dewey-full | 174/.4 |
| dewey-hundreds | 100 - Philosophy & psychology |
| dewey-ones | 174 - Occupational ethics |
| dewey-raw | 174/.4 |
| dewey-search | 174/.4 |
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| discipline | Philosophie |
| format | Electronic eBook |
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| series | Kenneth J. Arrow lecture series (New York, N.Y.) |
| series2 | Kenneth J. Arrow Lecture Series |
| spelling | Gollier, Christian, author. Ethical asset valuation and the good society / Christian Gollier. New York : Columbia University Press, [2018] ©2018 1 online resource (xxx, 215 pages). text txt rdacontent computer c rdamedia online resource cr rdacarrier Kenneth J. Arrow Lecture Series Includes bibliographical references and index. Introduction -- Collective aspirations -- Choice and measure of values -- Do we do enough for the future? -- Is the world too risky? -- Conclusion. For all of their focus on asset prices, financial economists rarely ask if assets are priced ethically--that is, if their prices are compatible with the public good. Yet in a world facing major, possibly catastrophic problems--global warming, for instance, and growing inequality--it is now more important than ever that we allocate capital to projects that will benefit society as a whole, not just today but far into the future. In this book, Christian Gollier develops a powerful method for transforming our societal goals of collective prosperity into the cornerstone of our financial decision making. Ethical Asset Valuation and the Good Society starts by stating transparent moral principles and, from these, derives simple rules that can be used to evaluate saving and investment decisions in terms of the public good. Rather than trying to explain observed asset prices, Gollier derives what these prices ought to be in order to direct capital toward socially desirable investments. He focuses especially on the two prices that drive most financial decisions--the price of time as reflected in the interest rate and the price of risk--and explores the role these play in our long-term planning. If investment projects in renewable energy could be financed at a lower interest rate than those linked to fossil fuels, for instance, the energy transition would be easier to accomplish. Building on criticism of the short-term thinking of financial markets, Gollier suggests ways to shift investment toward the future through the discounting of the valuation of assets and investments with long-term benefits. In this sophisticated but accessible work, Gollier builds a bridge between welfare economics and finance theory to provide a framework for ethical valuation capable of establishing what asset prices should be on the basis of our shared moral values. Print version record. In English. Capital market Moral and ethical aspects. Securities Prices. http://id.loc.gov/authorities/subjects/sh93008756 Value. http://id.loc.gov/authorities/subjects/sh85141930 Valuation. http://id.loc.gov/authorities/subjects/sh85141927 Common good. http://id.loc.gov/authorities/subjects/sh87001903 Evaluation. http://id.loc.gov/authorities/subjects/sh85045926 Marché financier Aspect moral. Valeurs mobilières Prix. Valeur. Évaluation. Bien commun. value (economic concept) aat appraisals (financial records) aat BUSINESS & ECONOMICS Business Ethics. bisacsh BUSINESS & ECONOMICS Corporate Governance. bisacsh Evaluation fast Common good fast Securities Prices fast Valuation fast Value fast Print version: Gollier, Christian. Ethical asset valuation and the good society. New York : Columbia University Press, [2018] 9780231170420 (DLC) 2017020978 (OCoLC)994296630 Kenneth J. Arrow lecture series (New York, N.Y.) http://id.loc.gov/authorities/names/no2014094634 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1628826 Volltext |
| spellingShingle | Gollier, Christian Ethical asset valuation and the good society / Kenneth J. Arrow lecture series (New York, N.Y.) Introduction -- Collective aspirations -- Choice and measure of values -- Do we do enough for the future? -- Is the world too risky? -- Conclusion. Capital market Moral and ethical aspects. Securities Prices. http://id.loc.gov/authorities/subjects/sh93008756 Value. http://id.loc.gov/authorities/subjects/sh85141930 Valuation. http://id.loc.gov/authorities/subjects/sh85141927 Common good. http://id.loc.gov/authorities/subjects/sh87001903 Evaluation. http://id.loc.gov/authorities/subjects/sh85045926 Marché financier Aspect moral. Valeurs mobilières Prix. Valeur. Évaluation. Bien commun. value (economic concept) aat appraisals (financial records) aat BUSINESS & ECONOMICS Business Ethics. bisacsh BUSINESS & ECONOMICS Corporate Governance. bisacsh Evaluation fast Common good fast Securities Prices fast Valuation fast Value fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh93008756 http://id.loc.gov/authorities/subjects/sh85141930 http://id.loc.gov/authorities/subjects/sh85141927 http://id.loc.gov/authorities/subjects/sh87001903 http://id.loc.gov/authorities/subjects/sh85045926 |
| title | Ethical asset valuation and the good society / |
| title_auth | Ethical asset valuation and the good society / |
| title_exact_search | Ethical asset valuation and the good society / |
| title_full | Ethical asset valuation and the good society / Christian Gollier. |
| title_fullStr | Ethical asset valuation and the good society / Christian Gollier. |
| title_full_unstemmed | Ethical asset valuation and the good society / Christian Gollier. |
| title_short | Ethical asset valuation and the good society / |
| title_sort | ethical asset valuation and the good society |
| topic | Capital market Moral and ethical aspects. Securities Prices. http://id.loc.gov/authorities/subjects/sh93008756 Value. http://id.loc.gov/authorities/subjects/sh85141930 Valuation. http://id.loc.gov/authorities/subjects/sh85141927 Common good. http://id.loc.gov/authorities/subjects/sh87001903 Evaluation. http://id.loc.gov/authorities/subjects/sh85045926 Marché financier Aspect moral. Valeurs mobilières Prix. Valeur. Évaluation. Bien commun. value (economic concept) aat appraisals (financial records) aat BUSINESS & ECONOMICS Business Ethics. bisacsh BUSINESS & ECONOMICS Corporate Governance. bisacsh Evaluation fast Common good fast Securities Prices fast Valuation fast Value fast |
| topic_facet | Capital market Moral and ethical aspects. Securities Prices. Value. Valuation. Common good. Evaluation. Marché financier Aspect moral. Valeurs mobilières Prix. Valeur. Évaluation. Bien commun. value (economic concept) appraisals (financial records) BUSINESS & ECONOMICS Business Ethics. BUSINESS & ECONOMICS Corporate Governance. Evaluation Common good Securities Prices Valuation Value |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1628826 |
| work_keys_str_mv | AT gollierchristian ethicalassetvaluationandthegoodsociety |