Discussion paper

DP10350 Does Finance Benefit Society?

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.


Zingales, L (2015), “DP10350 Does Finance Benefit Society?”, CEPR Press Discussion Paper No. 10350. https://cepr.org/publications/dp10350