Posted 2 years ago on April 15, 2012, 10:32 p.m. EST by UFstudent
This content is user submitted and not an official statement
Robert Schiller, renown Economist and Professor of Finance and Economics at Yale, describes finance as: "the science of goal architecture- of the structuring of the economic arrangements necessary to achieve a set of goals and of the stewardship of the assets needed for that achievement...It is a 'functional' science in that it exists to support other goals-those of the society..."
Do you agree with this statement? How would you define "Wall Street?" Is finance and "Wall Street" necessary for a democratic society to function? In what ways, if any, is Wall Street directly responsible for societal "injustices?" How do you define "injustice" and what is "fair?"