#AnimalSpiritsHowHumanPsychologyDrivesTheEconomyAndWhyItMattersForGlobalCapitalism | Reviews of Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism in English Books| Hashreview

#AnimalSpiritsHowHumanPsychologyDrivesTheEconomyAndWhyItMattersForGlobalCapitalism

Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism (2009) is a book written to promote the understanding of the role played by emotions in influencing economic decision making. According to the authors, Read More..

by George Akerlof and Robert Shiller

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Hash title	Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism
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Description	Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism (2009) is a book written to promote the understanding of the role played by emotions in influencing economic decision making. According to the authors, economists have tended to de-emphasize the importance of emotional factors, as the effects of emotions are difficult to model and quantify. The book asserts that a variety of otherwise puzzling questions can be answered once one allows for the effect that emotional drives, or "animal spirits," have on economic factors.Akerlof and Shiller began writing the book in 2003. While finishing the work after the Financial crisis of 2007-2008 the authors set themselves the additional aim of promoting a much more aggressive US government intervention to alleviate the crises than has been seen as of February 2009. They repeatedly stress the need for decisive action targeted at restoring credit flows, and that the overall stimulus from the government needs to be much larger than would otherwise be the case due to very low levels of confidence about short and medium term economic prospects.
Description	Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism (2009) is a book written to promote the understanding of the role played by emotions in influencing economic decision making. According to the authors, economists have tended to de-emphasize the importance of emotional factors, as the effects of emotions are difficult to model and quantify. The book asserts that a variety of otherwise puzzling questions can be answered once one allows for the effect that emotional drives, or "animal spirits," have on economic factors.Akerlof and Shiller began writing the book in 2003. While finishing the work after the Financial crisis of 2007-2008 the authors set themselves the additional aim of promoting a much more aggressive US government intervention to alleviate the crises than has been seen as of February 2009. They repeatedly stress the need for decisive action targeted at restoring credit flows, and that the overall stimulus from the government needs to be much larger than would otherwise be the case due to very low levels of confidence about short and medium term economic prospects.

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Name	Animal SpiritsHow Human Psychology Drives the Economy, and Why It Matters for Global Capitalism
Name
Authors	George Akerlof and Robert Shiller
Authors
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Genre
Series
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Language	English
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Country	United States
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Media_type	Print, e-book
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Isbn	978-069114233-3
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Oclc	276340712
Oclc
Publisher	Princeton University Press
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Pub_date	2009
Pub_date
Release_date	2009
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