Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism (Hardcover)

from vegetarian

Emotional and intangible dynamics--confidence in institutions, illusions about the nature of money, sense of being treated unfairly--affect how persons decide about borrowing, spending, saving, and investing

from DavidGoldsteen

I've been working in the financial industry for more than a dozen years, and over that time I've grown less confident that we really understand what drives our economy. The myth of the rational actor is disturbing. Of course, it's possible that in aggregate, the actions of myriad nonrational acto...

from DavidGoldsteen

I've been working in the financial industry for more than a dozen years, and over that time I've grown less confident that we really understand what drives our economy. The myth of the rational actor is disturbing. Of course, it's possible that in aggregate, the actions of myriad nonrational acto...

from salphone

The book does throw some interesting wrenches into current economic models. Though I disagree with how strongly the "Animal Spirits" contribute to the economy as a whole, it does get closer to answering the question of why economic downturns occur and why some economic downturns are more severe t...

from The_Hibernator

Animal Spirits is a macroeconomics book for the "popular reader." Although I am popular, and a reader, I didn't fully understand it. However, I got some good information out of it anyway-info that I'm sure will build a knowledge base on something I know little about. As I understand it, the premi...