Financial Analysts Journal January/February 2013 Volume 69 Issue 1
Capitalism and Financial Innovation
At the 2012 CFA Institute Financial Analysts Seminar, held 23–27 July in Chicago, Robert J. Shiller discussed his view that capitalism must be constantly updated through innovation in order to be successful in its purpose of achieving society’s goals. Three recent innovations—the benefit corporation, crowd funding, and the social impact bond—are good examples of how finance and financiers can contribute to attaining these goals.
About the Author(s)
2013 Nobel Laureate in Economic Sciences, Sterling Professor of Economics, Yale University.