Animal Spirits

Animal Spirits
Author :
Publisher : Princeton University Press
Total Pages : 261
Release :
ISBN-10 : 9781400834723
ISBN-13 : 1400834724
Rating : 4/5 (724 Downloads)

Book Synopsis Animal Spirits by : George A. Akerlof

Download or read book Animal Spirits written by George A. Akerlof and published by Princeton University Press. This book was released on 2010-02-01 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: From acclaimed economists George Akerlof and Robert Shiller, the case for why government is needed to restore confidence in the economy The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever-rising housing prices to plummeting confidence in capital markets, "animal spirits" are driving financial events worldwide. In this book, acclaimed economists George Akerlof and Robert Shiller challenge the economic wisdom that got us into this mess, and put forward a bold new vision that will transform economics and restore prosperity. Akerlof and Shiller reassert the necessity of an active government role in economic policymaking by recovering the idea of animal spirits, a term John Maynard Keynes used to describe the gloom and despondence that led to the Great Depression and the changing psychology that accompanied recovery. Like Keynes, Akerlof and Shiller know that managing these animal spirits requires the steady hand of government—simply allowing markets to work won't do it. In rebuilding the case for a more robust, behaviorally informed Keynesianism, they detail the most pervasive effects of animal spirits in contemporary economic life—such as confidence, fear, bad faith, corruption, a concern for fairness, and the stories we tell ourselves about our economic fortunes—and show how Reaganomics, Thatcherism, and the rational expectations revolution failed to account for them. Animal Spirits offers a road map for reversing the financial misfortunes besetting us today. Read it and learn how leaders can channel animal spirits—the powerful forces of human psychology that are afoot in the world economy today. In a new preface, they describe why our economic troubles may linger for some time—unless we are prepared to take further, decisive action.


Animal Spirits Related Books

Economics and Modern Psychology ...
Language: en
Pages: 70
Authors: John Maurice Clark
Categories:
Type: BOOK - Published: 1918 - Publisher:

DOWNLOAD EBOOK

Animal Spirits
Language: en
Pages: 261
Authors: George A. Akerlof
Categories: Business & Economics
Type: BOOK - Published: 2010-02-01 - Publisher: Princeton University Press

DOWNLOAD EBOOK

From acclaimed economists George Akerlof and Robert Shiller, the case for why government is needed to restore confidence in the economy The global financial cri
Economics and Psychology
Language: en
Pages: 302
Authors: Bruno S. Frey
Categories: Business & Economics
Type: BOOK - Published: 2007 - Publisher: MIT Press (MA)

DOWNLOAD EBOOK

"The integration of economics and psychology has created a vibrant and fruitful emerging field of study. The essays in Economics and Psychology take a broad vie
Is Behavioral Economics Doomed?
Language: en
Pages: 154
Authors: David K. Levine
Categories: Business & Economics
Type: BOOK - Published: 2012 - Publisher: Open Book Publishers

DOWNLOAD EBOOK

In this book, David K. Levine questions the idea that behavioral economics is the answer to economic problems. He explores the successes and failures of contemp
How We Misunderstand Economics and Why it Matters
Language: en
Pages: 266
Authors: David Leiser
Categories: Psychology
Type: BOOK - Published: 2018-05-21 - Publisher: Routledge

DOWNLOAD EBOOK

This is the first book to explain why people misunderstand economics. From the cognitive shortcuts we use to make sense of complex information, to the metaphors