Animal Spirits
How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism
Ranked #57 in Behavioral Economics, Ranked #60 in Macroeconomics
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... more
Akerlof and Shiller reassert the necessity of an active government role in economic... more
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