Citation

Discussion Paper Details

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Title: Does Finance Benefit Society?

Author(s): Luigi Zingales

Publication Date: January 2015

Keyword(s): financial development, financial integration and rent seeking

Programme Area(s): Financial Economics

Abstract: Academics' view of the benefits of finance vastly exceeds societal perception. This dissonance is at least partly explained by an under-appreciation by academia of how, without proper rules, finance can easily degenerate into a rent-seeking activity. I outline what finance academics can do, from a research point of view and from an educational point of view, to promote good finance and minimize the bad.

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Bibliographic Reference

Zingales, L. 2015. 'Does Finance Benefit Society?'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=10350