{"id":4983,"date":"2018-10-29T08:34:39","date_gmt":"2018-10-29T08:34:39","guid":{"rendered":"https:\/\/forexercourse.com\/?post_type=product&p=4983"},"modified":"2020-05-21T23:08:54","modified_gmt":"2020-05-21T19:38:54","slug":"animal-spirits-how-human-psychology-drives-the-economy-and-why-it-matters-for-global-capitalism","status":"publish","type":"product","link":"https:\/\/forexercourse.com\/shop\/animal-spirits-how-human-psychology-drives-the-economy-and-why-it-matters-for-global-capitalism","title":{"rendered":"Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism"},"content":{"rendered":"

Book : Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism<\/span><\/strong><\/h3>\n

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 forward a bold new vision that will transform economics and restore prosperity.<\/p>\n

 <\/p>\n

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 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.<\/p>\n

 <\/p>\n

Animal Spirits<\/i>\u00a0offers 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. In a new preface, they describe why our economic troubles may linger for some time–unless we are prepared to take further, decisive action.<\/p>\n

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 forward a bold new vision that will transform economics and restore prosperity.<\/p>\n

 <\/p>\n

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 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.<\/p>\n

 <\/p>\n

Animal Spirits<\/i>\u00a0offers 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. In a new preface, they describe why our economic troubles may linger for some time–unless we are prepared to take further, decisive action.<\/p>\n

 <\/p>\n

From the Back Cover<\/h3>\n
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“This book is a sorely needed corrective.\u00a0Animal Spirits<\/i>\u00a0is an important–maybe even a decisive–contribution at a difficult juncture in macroeconomic theory.”–Robert M. Solow, Nobel Prize-winning economist<\/b><\/p>\n

“This book is dynamite. It is a powerful, cogent, and convincing call for a fundamental reevaluation of basic economic principles. It presents a refreshingly new understanding of important economic phenomena that standard economic theory has been unable to explain convincingly.\u00a0Animal Spirits<\/i>\u00a0should help set in motion an intellectual revolution that will change the way we think about economic depressions, unemployment, poverty, financial crises, real estate swings, and much more.”–Dennis J. Snower, president of the Kiel Institute for the World Economy<\/b><\/p>\n

“Animal Spirits<\/i>\u00a0makes a very timely and significant contribution to the development of a new dominant paradigm for economics that acknowledges the imperfections of human decision making, a need which the panic in financial markets makes all too apparent. I am not aware of any other book like this one.”–Diane Coyle, author ofThe Soulful Science: What Economists Really Do and Why It Matters<\/i><\/b><\/p>\n

“Akerlof and Shiller explore how animal spirits contribute to the performance of the macroeconomy. The range of issues they cover is broad, including the business cycle, inflation and unemployment, the swings in financial markets and real estate, the existence of poverty, and the way monetary policy works. This book is provocative and persuasive.”–George L. Perry, Brookings Institution<\/b><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

“George A. Akerlof, Co-Winner of the 2001 Nobel Prize in Economics”<\/b><\/p>\n

“Robert J. Shiller, Co-Winner of the 2013 Nobel Prize in Economics”<\/b><\/p>\n

“Winner of the 2009 International Book Award, getAbstract”<\/b><\/p>\n

“Co-Winner of the 2010 Silver Medal Book Award in Entrepreneurship, Axiom Business”<\/b><\/p>\n

“Co-Winner of the 2010 Robert Lane Award for the Best Book in Political Psychology, American Political Science Association”<\/b><\/p>\n

“Winner of the 2009 Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security, TIAA-CREF”<\/b><\/p>\n

“Winner of the 2009 Finance Book of the Year, CBN (China Business News) Financial Value Ranking”<\/b><\/p>\n

“Shortlisted for the 2009 Business Book of the Year Award, Financial Times and Goldman Sachs”<\/b><\/p>\n

“Featured on the Books of the Year list, Financial Times (FT.com)”<\/b><\/p>\n

“Listed on Bloomberg.com in a review by James Pressley as two of “our favorite financial-crisis books this year””<\/b><\/p>\n","protected":false},"featured_media":4987,"comment_status":"open","ping_status":"closed","template":"","meta":[],"product_cat":[43],"product_tag":[5616,5448,5447],"_links":{"self":[{"href":"https:\/\/forexercourse.com\/wp-json\/wp\/v2\/product\/4983"}],"collection":[{"href":"https:\/\/forexercourse.com\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/forexercourse.com\/wp-json\/wp\/v2\/types\/product"}],"replies":[{"embeddable":true,"href":"https:\/\/forexercourse.com\/wp-json\/wp\/v2\/comments?post=4983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forexercourse.com\/wp-json\/wp\/v2\/media\/4987"}],"wp:attachment":[{"href":"https:\/\/forexercourse.com\/wp-json\/wp\/v2\/media?parent=4983"}],"wp:term":[{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/forexercourse.com\/wp-json\/wp\/v2\/product_cat?post=4983"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/forexercourse.com\/wp-json\/wp\/v2\/product_tag?post=4983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}