Conversation

Luigi Zingales: "Does Finance Benefit Society?"
http://faculty.chicagobooth.edu/luigi.zingales/papers/research/Finance.pdf

One of the most interesting findings: There is "precious little evidence" that the existence of capital markets instruments, such as an "equity market, junk bond market, option and future markets, interest rate swaps, etc." matters for economic growth (p. 10).

#Economics