Animal Spirits: How Human Psychology Drives the Economy and Why it Matters for Global Capitalism

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 audiobook, 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 policy-making 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.

Business & Money

Robert J. Shiller

George A. Akerlof

Economics

BRILLIANCE AUDIO ^

Animal Spirits

Literature & Fiction

Literary

Princeton University Press

Ever since Adam Smith, the central teaching of economics has been that free markets provide us with material well-being, as if by an invisible hand. In Phishing for Phools, Nobel Prize-winning economists George Akerlof and Robert Shiller deliver a fundamental challenge to this insight, arguing that markets harm as well as help us. As long as there is profit to be made, sellers will systematically exploit our psychological weaknesses and our ignorance through manipulation and deception. Rather than being essentially benign and always creating the greater good, markets are inherently filled with tricks and traps and will ""phish"" us as ""phools.

Phishing for Phools: The Economics of Manipulation and Deception (Chinese Edition)

CITIC Press Corporation

Identity Economics (Korean Edition)

Rachel E. Kranton

Random House Korea/Tsai Fong Books

Traditional Chinese edition of Phishing for Phools: The Economics of Manipulation and Deception, a book by two Nobel Prize winners, Akerlof (2001) and Shiller (2013) whose book is both provocative and illuminating on the modern economic condition.

Marketing & Sales

Factory Direct

See the best price to sell, buy, or rent books by George A. Akerlof. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by George A. Akerlof