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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:   Print 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, acclaimed economists George Akerlof and Robert Shiller challenge the economic wisdom that got us into this mess, and put  Read more...
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Document Type: Book
All Authors / Contributors: George A Akerlof; Robert J Shiller
ISBN: 9780691142333 0691142335 9780691145921 069114592X
OCLC Number: 473980811
Awards: Winner of getAbstract International Book Awards 2009
Winner of TIAA-CREF Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security 2009 (United States)
Winner of China Business News's Finance Book of the Year 2009
Joint winner of Co-Winner of the 2013 Nobel Prize in Economics 2013
Joint winner of Co-Winner of the 2001 Nobel Prize in Economics 2001
Commended for Financial Times (FT.com) "Books of the Year" 2009
Commended for Bloomberg.com's "favorite financial-crisis books" 2009 (United States)
Short-listed for Financial Times/Goldman Sachs Business Book of the Year 2009
Winner of getAbstract International Book Award 2009
Winner of China Business New's [CBN] Finance Book of the Year, Financial Value Ranking 2009
Joint winner of Silver Medal, Axiom Business Book Awards, Entrepreneurship category 2010
Joint winner of Robert Lane Award for the Best Book in Political Psychology, American Political Science Association 2010 (United States)
Description: xiv, 230 s
Contents: Preface viiAcknowledgments xiiiIntroduction 1Part One: Animal SpiritsChapter One: Confidence and Its Multipliers 11Chapter Two: Fairness 19Chapter Three: Corruption and Bad Faith 26Chapter Four: Money Illusion 41Chapter Five: Stories 51Part Two: Eight Questions and Their AnswersChapter Six: Why Do Economies Fall into Depression? 59Chapter Seven: Why Do Central Bankers Have Power over the Economy (Insofar as They Do)? 74Postscript to Chapter Seven: The Current Financial Crisis: What Is to Be Done? 86Chapter Eight: Why Are There People Who Cannot Find a Job? 97Chapter Nine: Why Is There a Trade-off between Inflation and Unemployment in the Long Run? 107Chapter Ten: Why Is Saving for the Future So Arbitrary? 116Chapter Eleven: Why Are Financial Prices and Corporate Investments So Volatile? 131Chapter Twelve: Why Do Real Estate Markets Go through Cycles? 149Chapter Thirteen: Why Is There Special Poverty among Minorities? 157Chapter Fourteen: Conclusion 167Notes 177References 199Index 219
Responsibility: George A. Akerlof and Robert J. Shiller

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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 George A. Akerlof, Co-Winner of the 2001 Nobel Prize in Economics Winner of the 2009 Book Award, getAbstract International Winner of Read more...

 
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