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020 _a0691142335
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035 _a(OCoLC)276340712
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050 0 0 _aHB74.P8
_bA494 2009
082 0 0 _a330.122019
_222
100 1 _aAkerlof, George A.,
_d1940-
_eauthor.
_9421632
245 1 0 _aAnimal spirits :
_bhow human psychology drives the economy, and why it matters for global capitalism /
_cGeorge A. Akerlof and Robert J. Shiller.
264 1 _aPrinceton :
_bPrinceton University Press,
_c[2009]
264 4 _c©2009
300 _axiv, 230 pages ;
_c24 cm
336 _atext
_btxt
_2rdacontent
337 _aunmediated
_bn
_2rdamedia
338 _avolume
_bnc
_2rdacarrier
504 _aIncludes bibliographical references (pages 199-218) and index.
505 0 _aPt. 1. Animal spirits. Confidence and its multipliers -- Fairness -- Corruption and bad faith -- Money illusion -- Stories -- Pt. 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?
520 _aAkerlof and Shiller reassert the necessity of an active government role in economic policymaking by recovering the idea of "animal spirits" (i.e. human psychology) and making it work for and not against us. 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 fortune--and show how Reaganomics, Thatcherism, and the rational expectations revolution failed to account for them. The authors then offer a road map for reversing the financial misfortunes besetting us today.
588 _aMachine converted from AACR2 source record.
650 0 _aEconomics
_xPsychological aspects.
_9316969
650 0 _aFinance
_xPsychological aspects
_9785062
650 0 _aCapitalism.
_9314995
650 0 _aGlobalization.
_9337927
700 1 _aShiller, Robert J.,
_eauthor.
_91050873
907 _a.b11591432
_b11-07-17
_c27-10-15
942 _cB
945 _a330.122019 AKE
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