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Review of “How change happens” by Cass Sunstein, 2019

Review of “How change happens” by Cass Sunstein, 2019 Book review Book review Review of “How Change Happens” by Cass Sunstein MIT Press, Cambridge MA, USA 444 p. Price paperback £ 13.89 ISBN: 9780262039574 Review DOI 10.1108/QRFM-04-2023-235 This book from the co-author of Nudge (Thaler and Sunstein, 2008) has important lessons for public policy and especially financial policy in an era when doubts about “elites” and their unaccountable power is rising. Sunstein’s book arrives as just the latest in an extensive line of his works considering how we might best combine the free markets that have made us wealthy, with the social justice that makes a materially comfortable life worthwhile (Sunstein, 1997). Those of us who favour free financial markets, as engines of financial wealth and risk management, may wish to heed the concerns Sunstein raises in this and related works. At its broadest, Sunstein’s subject is the drivers of social change. He frequently illustrates this with reference to the struggle for equal rights by women and blacks. But as finance scholars, we might think of the swings in popularity of financial capital; from angels in the mid-1990s to devils in the late noughties. If the inherent relative merits of women, blacks and financial capitalists have remained broadly http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Qualitative Research in Financial Markets Emerald Publishing

Review of “How change happens” by Cass Sunstein, 2019

Forbes, William
Qualitative Research in Financial Markets , Volume 15 (3): 10 – May 15, 2023
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Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
1755-4179
eISSN
1755-4179
DOI
10.1108/qrfm-04-2023-235
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Abstract

Book review Book review Review of “How Change Happens” by Cass Sunstein MIT Press, Cambridge MA, USA 444 p. Price paperback £ 13.89 ISBN: 9780262039574 Review DOI 10.1108/QRFM-04-2023-235 This book from the co-author of Nudge (Thaler and Sunstein, 2008) has important lessons for public policy and especially financial policy in an era when doubts about “elites” and their unaccountable power is rising. Sunstein’s book arrives as just the latest in an extensive line of his works considering how we might best combine the free markets that have made us wealthy, with the social justice that makes a materially comfortable life worthwhile (Sunstein, 1997). Those of us who favour free financial markets, as engines of financial wealth and risk management, may wish to heed the concerns Sunstein raises in this and related works. At its broadest, Sunstein’s subject is the drivers of social change. He frequently illustrates this with reference to the struggle for equal rights by women and blacks. But as finance scholars, we might think of the swings in popularity of financial capital; from angels in the mid-1990s to devils in the late noughties. If the inherent relative merits of women, blacks and financial capitalists have remained broadly

Journal

Qualitative Research in Financial Markets – Emerald Publishing

Published: May 15, 2023

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