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Animal spirits : how human psychology drives the economy, and why it matters for global capitalism

Author: George A Akerlof; Robert J Shiller
Publisher: Princeton : Princeton University Press, ©2009.
Edition/Format:   Book : EnglishView all editions and formats
Database:WorldCat
Summary:
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, the authors, both economists, challenge the economic wisdom that got us into this mess, and put forward a bold new vision  Read more...
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: George A Akerlof; Robert J Shiller
ISBN: 9780691142333 0691142335
OCLC Number: 276340712
Awards: Winner of Paul A. Samuelson Award 2009.
Shortlisted for Financial Times/Goldman Sachs Business Book of the Year Award 2009.
Description: xiv, 230 p. ; 24 cm.
Contents: Part 1. Animal spirits. Confidence and its multipliers ; Fairness ; Corruption and bad faith ; Money illusion ; Stories --
Part 2. Eight questions and their answers. Why do economies fall into depression? ; Why do central bankers have power over the economy (insofar as they do)? ; Why are there people who cannot find a job? ; Why is there a trade-off between inflation and unemployment in the long run? ; Why is saving for the future so arbitrary? ; Why are financial prices and corporate investments so volatile? ; Why do real estate markets go through cycles? ; Why is there special poverty among minorities?
Responsibility: George A. Akerlof and Robert J. Shiller.

Abstract:

From blind faith in ever-rising housing prices to plummeting confidence in capital markets, 'animal spirits' are driving financial events worldwide. This book aims to challenge the economic wisdom  Read more...

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Robert J. Shiller, Co-Winner of the 2013 Nobel Prize in Economics Winner of the 2009 Book Award, getAbstract International Winner of the 2009 Paul A. Samuelson Award for Outstanding Scholarly Writing Read more...

 
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