Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism
- ISBN13: 9780691142333
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Product DescriptionThe 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 th. . . More >>
Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism
Tuesday, 19. January 2010 20:18
this is the worst book i have ever read regarding the economy,and the first book i have ever thrown into the trash on the day i received it. dont waste your time or money. . it is junk.
Rating: 1 / 5
Tuesday, 19. January 2010 21:13
I wish the Authors had some knowlegle of psychology/psychiatry before writing this book. I was expecting out of this book establishing a relation between the economic tides (business cycles) and the manic depressive disorder (psychology) of humans. This disorder also considered to be bipolar disorder in psychiatry. Yet this book turns out to be a complete disappointment for me. That is, talking about everything, including immorality, without a fremework. I really wonder, is there anyone who can summarize this book? Definitely I can not!
Rating: 1 / 5
Tuesday, 19. January 2010 22:45
Marx would have a good laugh at this one.
These ideas were settled 150 years ago.
The book to read of course is Marx’s epic work “Capital”
if thats too difficult start with ” The invention of Capitalism” Perelman.
Rating: 1 / 5
Wednesday, 20. January 2010 0:02
The authors’ claim that they have discovered something new is weird: what about Keynes, Mackay, and so many others. And to barely mention money and credit creation in a book about animal spirits is plain absurd.
Rating: 1 / 5
Wednesday, 20. January 2010 2:32
Keep looking for the meat, you will not find much. Most of the reviews are nonsense. This was an article stretched to make a book for cash. Good deal for the authors, bad deal for you and me. Almost a common sense idea, just that common sense seems like magic to people in ivory towers.
Rating: 5 / 5