Animal spirits : how human psychology drives the economy, and why it matters for global capitalism / George A. Akerlof and Robert J. Shiller ; with a new preface by the authors.

Format:

Book

Author/Creator:

Akerlof, George A., 1940- author.

Shiller, Robert J., author.

Language:

English

Subjects (All):

Economics--Psychological aspects.

Economics.

Finance--Psychological aspects.

Finance.

Capitalism.

Globalization.

Physical Description:

1 online resource (261 p.)

Place of Publication:

Princeton, N.J. : Princeton University Press, 2010.

Language Note:

English

Summary:

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 policymakin

Contents:

""Cover""; ""Title""; ""Copyright""; ""Contents""; ""Preface to the Paperback Edition""; ""Preface""; ""Acknowledgments""; ""Introduction""; ""Part One: Animal Spirits""; ""One: Confidence and Its Multipliers""; ""Two: Fairness""; ""Three: Corruption and Bad Faith""; ""Four: Money Illusion""; ""Five: Stories""; ""Part Two: Eight Questions and Their Answers""; ""Six: Why Do Economies Fall into Depression?""; ""Seven: Why Do Central Bankers Have Power over the Economy (Insofar as They Do)?""; ""Postscript to Chapter Seven: The Current Financial Crisis: What Is to Be Done?""

""Eight: Why Are There People Who Cannot Find a Job?""""Nine: Why Is There a Trade-off between Inflation and Unemployment in the Long Run?""; ""Ten: Why Is Saving for the Future So Arbitrary?""; ""Eleven: Why Are Financial Prices and Corporate Investments So Volatile?""; ""Twelve: Why Do Real Estate Markets Go through Cycles?""; ""Thirteen: Why Is There Special Poverty among Minorities?""; ""Fourteen: Conclusion""; ""Notes""; ""References""; ""Index""; ""A""; ""B""; ""C""; ""D""; ""E""; ""F""; ""G""; ""H""; ""I""; ""J""; ""K""; ""L""; ""M""; ""N""; ""O""; ""P""; ""Q""; ""R""; ""S""; ""T""

""U""""V""; ""W""; ""Y""; ""Z""

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on publisher supplied metadata and other sources.

ISBN:

9786612936180

9786612458057

9781282458055

1282458051

9781282936188

1282936182

9781400834723

1400834724

OCLC:

635290365