Responsible finance for a better society.

Summary For better or for worse, in our hyper-financialized society, markets guide the behavior of savers, companies and governments. Today, financial experts are questioning the compatibility of their decisions with the general interest, which has become unavoidable in a world facing major challenges such as climate change and rising inequalities. How can an investment project or a public policy be evaluated in terms of the "common good"? How can we direct global capital towards projects that generate societal value? 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.