Yale’s Shiller Defends Goldman Sachs, Praises Finance: Books

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If he hasn’t already done so, Lloyd Blankfein should dash off a thank-you note to Robert Shiller.

What other Ivy League economist would have dared, amid the sound and fury over Goldman Sachs Group Inc. in recent years, to stick his neck out by publishing a book that says finance is good and Goldman has no incentive to be deliberately evil?