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Peter L. Bernstein

Peter L. Bernstein Biography

Economist

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“The word 'risk' derives from the early Italian risicare, which means 'to dare'. In this sense, risk is a choice rather than a fate. The actions we dare to take, which depend on how free we are to make choices, are what the story of risk is all about. And that story helps define what it means to be a human being.”

HumansMeanHelpingStoriesActionChoicesHuman BeingsFateRiskDependsDareItalian
Book:Against the Gods: The Remarkable Story of Risk
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“Gambling has held human beings in thrall for millennia. It has been engaged in everywhere, from the dregs of society to the most respectable circles.”

HumansHas BeensHuman BeingsCirclesEngagedGamblingRespectableDregs
Book:Peter L. Bernstein Classics Collection: Capital Ideas, Against the Gods, The Power of Gold and Capital Ideas Evolving
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“As the worldly philosophers of the past affirmed, the goal of economics is to improve the way society functions. In The New Financial Order, Robert Shiller joins this proud tradition by directing his brilliant economic skills toward the creation of financial institutions designed to reduce the risks an unknown future visits on most members of our society and others. Shiller's imaginative and compelling analysis will appeal to all readers who share his passion for initiating not only a richer, but a better, century.”

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Author:Peter L. Bernstein
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