National Library of Australia

You must be logged in to Tag Records
Animal spirits : how human psychology drives the economy, and why it matters for global capitalism / George A. Akerlof and Robert J. Shiller
Bib ID 4586757
Format BookBook
Author
Akerlof, George A., 1940-
 
Description Princeton ; Oxford : Princeton University Press, c2009 
xiv, 230 p. ; 25 cm. 
ISBN 9780691142333
0691142335
Summary

"In this book, George Akerlof and Robert 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."--BOOK JACKET.

Full contents
  • Pt. 1. Animal Spirits
  • 1. Confidence and Its Multipliers
  • 2. Fairness
  • 3. Corruption and Bad Faith
  • 4. Money Illusion
  • 5. Stories
  • Pt. 2. Eight Questions and Their Answers
  • 6. Why Do Economies Fall into Depression?
  • 7. Why Do Central Bankers Have Power over the Economy (Insofar as They Do)?
  • Postscript to Chapter Seven: The Current Financial Crisis: What Is to Be Done?
 
Notes

Includes bibliographical references (p.199-218) and index.

Subjects Economics -- Psychological aspects.  |  Finance -- Psychological aspects.  |  Capitalism.  |  Globalization.
Other authors/contributors Shiller, Robert J

Online

    In the Library

    Request this item to view in the Library's reading rooms using your library card. To learn more about how to request items watch this short online video Help Video.

    Details Collect From
    YY 330.122019 A314
    Copy: YY hbk
    Main Reading Room

    Order a copy

    - Copyright or permission restrictions may apply. We will contact you if necessary.

    Help Video To learn more about Copies Direct watch this short online video Help Video.
    close Can I borrow items from the Library?

    You need Flash player 8+ and JavaScript enabled to view this video embedded.

    You can view this on the NLA website.

    close What can I get online?

    You need Flash player 8+ and JavaScript enabled to view this video embedded.

    You can view this on the NLA website.

    close Can I get copies of items from the Library?

    You need Flash player 8+ and JavaScript enabled to view this video embedded.

    You can view this on the NLA website.

    Aboriginal and Torres Strait Islander Flags
    Aboriginal, Torres Strait Islander and other First Nations people are advised that this catalogue contains names, recordings and images of deceased people and other content that may be culturally sensitive. Please also be aware that you may see certain words or descriptions in this catalogue which reflect the author’s attitude or that of the period in which the item was created and may now be considered offensive.