Responsible finance for a better society.

Summary The back cover states: "For better or for worse, in our hyper-financialized society, markets guide the behavior of savers, companies and governments. Today, financial companies are questioning the compatibility of their decisions with the general interest, which has become essential in a world facing major challenges such as climate change and rising inequalities. How can an investment project or a public policy be assessed against the "common good"? In this precise and accessible book, Christian Gollier develops an innovative method for transforming our moral aspirations into effective financial management tools and thus builds a salutary bridge between the modern theory of finance, the economics of the common good and the theory of social choice.