false 6167162 3 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.<br><br> 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.<br><br> <i>Animal Spirits</i> 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. 6346556 18 2 2009 Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism total:63|5:6|4:24|3:28|2:4|1:1| 63 219 260 18 4 0 false false Mon Jun 01 00:00:00 -0700 2009 Thu Aug 13 20:49:37 -0700 2009 Thu Aug 13 20:50:41 -0700 2009 more...]]> 5 0 false false Wed Apr 29 00:00:00 -0700 2009 Wed Apr 29 16:50:47 -0700 2009 Wed Apr 29 16:59:01 -0700 2009 more...]]> 5 0 false false Mon Apr 20 00:00:00 -0700 2009 Mon Apr 20 01:01:57 -0700 2009 Mon Apr 20 01:02:28 -0700 2009
Nobel laureate George A. Akerlof and prescient Yale economics professor Robert J. Shiller explain the role of human psychology in markets. They say conventional economic theory assigns too much weight to the role of reason in economic decisi...more...]]> 3 0 false false Mon Jun 08 00:00:00 -0700 2009 Thu Jun 04 06:05:39 -0700 2009 Mon Jun 08 07:44:34 -0700 2009
Th...more...]]> 4 0 false false Fri Apr 17 00:00:00 -0700 2009 Sat Apr 18 10:53:00 -0700 2009 Sat Apr 25 16:09:13 -0700 2009
The book is short for a reason, I think -- its main point is quite concise. W...more...]]> 3 0 false false Sun Jul 05 00:00:00 -0700 2009 Sun Jul 12 17:22:47 -0700 2009 Sun Jul 12 17:37:54 -0700 2009 more...]]> 5 0 false false Thu May 07 00:00:00 -0700 2009 Thu May 07 22:19:53 -0700 2009 Thu May 07 22:30:48 -0700 2009
"Economics is mob psychology."

And now I can point to a Nobel laureate who agrees with me! Read t...more...]]> 0 0 false false Sun Mar 01 00:00:00 -0800 2009 Sat Mar 14 17:13:58 -0700 2009 Tue Mar 31 13:53:45 -0700 2009 more...]]> 0 0 false false Sun Mar 01 00:00:00 -0800 2009 Thu Oct 22 10:57:42 -0700 2009 Thu Oct 22 11:04:51 -0700 2009 0 0 false false Thu Jun 18 06:55:53 -0700 2009 Thu Jun 18 06:56:53 -0700 2009 3 0 false false Fri Jul 10 00:00:00 -0700 2009 Thu Aug 13 13:28:46 -0700 2009 Thu Aug 13 15:34:54 -0700 2009 4 0 false false Wed Apr 01 00:00:00 -0700 2009 Wed Nov 04 11:47:21 -0800 2009 Wed Nov 04 11:48:10 -0800 2009 3 0 false false Wed Jul 01 00:00:00 -0700 2009 Thu Aug 06 14:55:30 -0700 2009 Thu Aug 06 14:56:08 -0700 2009 4 0 false false Mon Aug 24 19:29:21 -0700 2009 Mon Aug 24 19:29:39 -0700 2009 4 0 false false Fri Apr 24 00:00:00 -0700 2009 Fri Mar 20 13:42:41 -0700 2009 Fri Apr 24 08:57:10 -0700 2009 more...]]> 3 0 false false Mon Aug 03 00:00:00 -0700 2009 Thu Jun 25 14:27:27 -0700 2009 Mon Aug 03 16:32:29 -0700 2009 3 0 false false Sun Mar 01 00:00:00 -0800 2009 Thu Mar 12 23:41:43 -0700 2009 Tue Jun 02 07:17:45 -0700 2009 2 0 false false Thu Aug 27 00:00:00 -0700 2009 Fri Jul 31 08:00:43 -0700 2009 Tue Sep 29 23:21:57 -0700 2009 more...]]> 0 0 false false Sat Nov 07 19:24:05 -0800 2009 Sat Nov 07 19:24:09 -0800 2009 0 0 false false Thu Nov 05 04:29:21 -0800 2009 Thu Nov 05 04:29:30 -0800 2009