In his books Macro Markets and The New Financial Order, Shiller plumps for markets to hedge away all kinds of risks.

FORBES: Taking the Plunge

Shiller, professor of economics and finance at Yale University, is author of Irrational Exuberance (2nd edition, Princeton University Press, 2005) and The New Financial Order (Princeton University Press, 2003).

FORBES: A Shield Against The Next Oil Shock

The new financial order will comprise members representing the largest new economy companies, as well as members of the investor class who survive the ongoing collapse of credibility of their home institutions.

FORBES: Entrepreneurs are the New Labor: Part III

The FPC has overall responsibility for financial regulation in the UK and is part of a new order of regulation designed to keep the banks under closer scrutiny.

BBC: Bank of England tells banks to raise ?25bn

The first task of this economic brains trust will be to cut Argentina's fiscal deficit, in order to reassure financial markets that the new government will stick to the country's rigidly fixed exchange rate.

ECONOMIST: s rule Argentina

Thousands of talented engineers and mathematicians toil away on Wall Street and elsewhere in order to figure out some new way to squeeze another penny out of the financial system.

FORBES: It's WW III and Big Brains are Working on Small Things

The report says that as the distinction between online and real world identities diminishes criminals are likely to try and exploit the many new forms of interlinked data relating people's identities and from social media and professional and financial websites in order to steal identities.

BBC: Web 're-defining' human identity says chief scientist

The differences do not matter: what matters is that in both cases, there was room and need for a new financial order to emerge.

FORBES: Entrepreneurs are the New Labor: Part III