| ID | 137532 |
| Title Proper | In defense of financial innovation |
| Other Title Information | creative finance helps everyone—not just the rich |
| Language | ENG |
| Author | Palmer, Andrew |
| Summary / Abstract (Note) | At a 2013 conference held by The Economist in New York, business and policy leaders debated whether talented university graduates should join Google or Goldman Sachs. Vivek Wadhwa, a serial entrepreneur, spoke up for Google. “Would you rather have your children engineering the financial system [and] creating more problems for us, or having a chance of saving the world?” he asked. He had a much easier time pitching his case than Robert Shiller, the Nobel Prize–winning economist who advocated for Goldman Sachs by arguing that every human activity, even saving the world, had to be financed. No use; in the end, the audience voted heavily in favor of Mountain View and against Wall Street. |
| `In' analytical Note | Foreign Affairs Vol. 94, No. 3; May/Jun 2015: p.66-76 |
| Journal Source | Foreign Affairs Vol: 94 No 3 |
| Key Words | United Kingdom ; Ireland ; Spain ; Banking ; Financial Innovation ; US - Defense ; Creative Finance ; D2D ; Greedy Bastards |