Diary of a Financier

Robert Shiller: The Liberal Artist & An Altruistic Future of Finance

In Existential on Wed 23 May 2012 at 00:01

Your training in financial theory, economics, mathematics, and statistics will serve you well. But your lessons in history, philosophy, and literature will be just as important, because it is vital not only that you have the right tools, but also that you never lose sight of the purposes and overriding social goals of finance...

Finance, at its best, does not merely manage risk, but also acts as the steward of society’s assets and an advocate of its deepest goals. Beyond compensation, the next generation of finance professionals will be paid its truest rewards in the satisfaction that comes with the gains made in democratizing finance – extending its benefits into corners of society where they are most needed.

–Robert Shiller, Address to Yale ’12 Finance Graduates (hattip Project Syndicate)

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