TY - JOUR
T1 - The Squam Lake Report
T2 - Fifteen economists in search of financial reform
AU - Blinder, Alan S.
PY - 2010/10
Y1 - 2010/10
N2 - The Squam Lake Report is a volume by economists for economists. It offers the fruits of the labors of 15 top economists who met at Squam Lake, New Hampshire, to discuss financial reform. While somewhat disjointed, and avoiding many important issues, the book is nonetheless a tour du force. Its many recommendations derive from two basic principles: that reformers need to think systemically, and that third-party costs stemming from systemic risk need to be internalized. And its approach is just what you would expect from a group of academic economists. It asks (and answers) questions like: Where did incentives go wrong? What were the sources of market failure? How can we better protect society against negative externalities?.
AB - The Squam Lake Report is a volume by economists for economists. It offers the fruits of the labors of 15 top economists who met at Squam Lake, New Hampshire, to discuss financial reform. While somewhat disjointed, and avoiding many important issues, the book is nonetheless a tour du force. Its many recommendations derive from two basic principles: that reformers need to think systemically, and that third-party costs stemming from systemic risk need to be internalized. And its approach is just what you would expect from a group of academic economists. It asks (and answers) questions like: Where did incentives go wrong? What were the sources of market failure? How can we better protect society against negative externalities?.
UR - http://www.scopus.com/inward/record.url?scp=77957750709&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=77957750709&partnerID=8YFLogxK
U2 - 10.1016/j.jmoneco.2010.08.007
DO - 10.1016/j.jmoneco.2010.08.007
M3 - Article
AN - SCOPUS:77957750709
SN - 0304-3932
VL - 57
SP - 892
EP - 902
JO - Carnegie-Rochester Confer. Series on Public Policy
JF - Carnegie-Rochester Confer. Series on Public Policy
IS - 7
ER -