1.

Record Nr.

UNINA9910460031703321

Autore

Bhide Amar <1955->

Titolo

A call for judgment [[electronic resource] ] : sensible finance for a dynamic economy / / Amar Bhidé

Pubbl/distr/stampa

Oxford ; ; New York, : Oxford University Press, 2010

ISBN

1-282-76340-7

9786612763403

0-19-978144-3

Descrizione fisica

1 online resource (366 p.)

Disciplina

332.0973

Soggetti

Finance - United States

Capitalism - United States

Electronic books.

United States Economic policy

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Contents; Preface; Introduction; I: Ordering the Innovation Game: Beyond Decentralization and Prices; II: Why It Became So; Acknowledgments; Notes; References; Index

Sommario/riassunto

Our prosperity requires the enterprise of innumerable individuals and businesses who exercise their imagination and judgment-and bear responsibility for outcomes. And widespread enterprise is fostered through dialogue and relationships, not merely prices in anonymous markets. Yet modern finance blatantly neglects these necessary elements for enterprise. In the last several decades finance has become increasingly centralized, distanced, and mechanistic. Instead of many lending officers making judgments about borrowers they know, credit decisions are the output of the models of a few Wall Street