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Capital and the Common Good
Book

Capital and the Common Good

How Innovative Finance Is Tackling the World's Most Urgent Problems

Columbia UP, 2016 Mehr

automatisch generiertes Audio
automatisch generiertes Audio

Editorial Rating

8

Qualities

  • Innovative
  • Eye Opening
  • Overview

Recommendation

In this guide to using high finance to address the world’s ills, Georgia Levenson Keohane, executive director of the social-issues-oriented Pershing Square Foundation, comes across as both an idealist and a pragmatist. Keohane explains how financial innovators can help the world’s poor through such instruments as microfinance, microinsurance, green bonds and “vaccine bonds.” She calls for a “visible hand” that takes a middle path between government intervention and free market capitalism. getAbstract recommends Keohane’s smart, encouraging report to financial professionals and to readers interested in fresh approaches to beating poverty.

Take-Aways

  • Ending poverty requires a “visible hand” to guide economies, address market failures and divert resources where needed.
  • The new breed of “innovative finance” doesn’t rely on government intervention.
  • For example, “vaccine bonds” have raised billions to fight disease.

About the Author

Executive director of the Pershing Square Foundation Georgia Levenson Keohane is a professor in Columbia University Business School’s Social Enterprise Program.


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