It's Time to Rethink the Problem.

An introduction to a special section on risk. The articles in this section, written by academics, journalists, and financial practitioners, highlight the paths toward a new way of thinking about risk. For them, the solution to risk is not just a matter of fixing mathematical equations, but of rest...

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Detalles Bibliográficos
Publicado en:American Prospect Vol. 20; no. 4; pp. 14 - 16
Autor principal: Schmitt, Mark
Formato: Artículo
Publicado: American Prospect May 2009
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Acceso en línea:Ver este registro en EBSCOhost
Descripción
Sumario:An introduction to a special section on risk. The articles in this section, written by academics, journalists, and financial practitioners, highlight the paths toward a new way of thinking about risk. For them, the solution to risk is not just a matter of fixing mathematical equations, but of restoring government's role in protecting us from risk, of changing incentives at all levels to prevent the more powerful from shifting the consequences of their risk-taking onto the less powerful, and of bringing risk down to earth by restoring a connection to local circumstances and community. Above all, they understand that risk is essential to continued prosperity, but that only by managing risk through regulation and social security can its benefits be achieved for all without repeating the current economic disaster.