| Title:
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ANIMAL SPIRITS
HOW HUMAN PSYCHOLOGY DRIVES THE ECONOMY, AND WHY IT MATTERS FOR GLOBAL CAPITALISM |
| By: |
George A. Akerlof, Robert J. Shiller |
| Format: |
Paperback |
| List price:
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£16.99 |
| Our price: |
£13.59 |
| Discount: |
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£3.40 |
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| ISBN 10: |
069114592X |
| ISBN 13: |
9780691145921 |
| Availability: |
Usually dispatched within 1-3 weeks.
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| Stock: |
Currently 0 available |
| Publisher: |
PRINCETON UNIVERSITY PRESS |
| Pub. date: |
2 February, 2010 |
| Edition: |
With a New preface by the authors |
| Pages: |
264 |
| Description: |
The global financial crisis has made it clear that powerful psychological forces are imperiling the wealth of nations. This title challenges the economic wisdom that got us into this mess, and puts forward a vision that transforms economics and restores prosperity. It asserts the necessity of an active government role in economic policymaking. |
| Synopsis: |
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. 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. Animal Spirits offers 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. |
| Illustrations: |
1 table. |
| Publication: |
US |
| Imprint: |
Princeton University Press |
| Prizes: |
Winner of getAbstract International Book Award 2009
Winner of TIAA-CREF Paul A. Samuelson Award for Outstanding Scholarly
Winner of China Business New's [CBN] Finance Book of the Year, Financial
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
Joint winner of Silver Medal, Axiom Business Book Awards, Entrepreneurship
Joint winner of Robert Lane Award for the Best Book in Political
Commended for Financial Times (FT.com) "Books of the Year" 2009
Commended for Bloomberg.com's "favorite financial-crisis books" 2009 |
| Returns: |
Returnable |