Animal spirits : how human psychology drives the economy, and why it matters for global capitalism /
"In this book, George Akerlof and Robert 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 psychol...
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| Format: | Book |
| Language: | English |
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Princeton, N.J. :
Princeton University Press,
2009
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| Online Access: | https://archive.org/details/akerlofandshilleranimalspirits?q=richard+thaler |
Table of Contents:
- Introduction
- Part 1: 1. Confidence and its multipliers
- 2. Fairness
- 3. Corruption and bad faith
- 4. Money allusion
- 5. Stoires
- Part 2: 6. Why do economies fall into depression?
- 7. Why do central bankers have power over the economy?. The current financial crisis: what is to be done?
- 8. Why are there people who cannot find a job?
- 9. Why is there a trade-off between inflation and unemployment in the long run?
- 10. Why is saving for the fortune so arbitrary?
- 11. Why are financial prices and corporate investments so volatile?
- 12. Why do real estate markets go through cycles?
- 13. Why is there special poverty among minorities?
- Conclusion.