Akerlof, George A
Animal Spirits: How Human Psychology Drives the Economy, and Why it Matters for Global Capitalism
- ISBN 13:
- 9780691145921
- author:
- Akerlof, George A
- format:
- Paperback
- publisher:
- Princeton University Press
- language:
- English
- Publication Year:
- 2010
- Pages:
- 256
- Dimensions:
- 20.6 x 13.7 x 2 cm
- Genre:
- Business & Economics
- Condition:
- New
- Availability:
- Item usually sent within 7 working days
Description
Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism
Acclaimed economists George Akerlof and Robert Shiller challenge the economic wisdom that got the world into its current financial crisis, and put forward a bold new vision to transform economics and restore prosperity.
The authors reassert the necessity of an active government role in economic policymaking, recovering the idea of "animal spirits" - a term used by John Maynard Keynes to describe the gloom and despondence that led to the Great Depression and the changing psychology that accompanied recovery. They detail the most pervasive effects of animal spirits in contemporary economic life, and show how previous economic theories failed to account for them.
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