Animal Spirits: How Human Psychology Drives the Economy and Why ... Cover Art

Animal Spirits: How Human Psychology Drives the Economy and Why It Matters for Global Capitalism (CD)

By: George A. Akerlof (Author)

More About this Product
List Price: $69.97
Tower Price: $67.99
You Save: $1.98 (3%)
Add to BagAdd to Bag Click to go directly to the checkout.
FREE Shop N' Save Shipping. Check individual shipping price. *Some Restrictions Apply.
 
Availability: In Stock
Share This:
Add To KaboodleAdd To Kaboodle  Submit To Digg!Submit To Digg!  Share On FacebookShare On Facebook  Add to FavoritesAdd to Favorites  TwitterTwitter 

Product Description

Run a Quick Search on "Animal Spirits: How Human Psychology Drives the Economy and Why It Matters for Global Capitalism" by George A. Akerlof to Browse Related Products:

Browse more products related to "Animal Spirits: How Human Psychology Drives the Economy and Why It Matters for Global Capitalism"

Browse more products related to "George A. Akerlof"

Publisher's note

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, a oeanimal spiritsa 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 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 governmenta "simply allowing markets to work wona (TM)t do it. In rebuilding the case for a more robust, behaviorally informed KeynesianA¼ism, they detail the most pervasive effects of animal spirits in contemporary economic lifea "such as confidence, fear, bad faith, corruption, a concern for fairness, and the stories we tell ourselves about our economic fortunesa "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 spiritsa "the powerful forces of human psychology that are afoot in the world economy today.
"Akerlof and Shiller are the first to try to rework economic theory for our times. The effort itself makes their book a milestone. . . . And their book takes their case not just to economists, but also to the general reader. It is short...and easy enough for laymen to understand."--New York Times Book Review
"There is barely a page of Animal Spirits without a fascinating fact or insight."--John Lanchester, New Yorker

Annotation

Notable economists George Akerlof and Robert Shiller show how a little bit of governmental guidance can go a long way towards fixing the malfunctioning world economy. Using the term John Maynard Keynes used to describe the collective pessimism which resulted in the Great Depression, Akerlof and Shiller demonstrate that "animal spirits" drive the global markets much more than the rationality which is assumed by most economic theorists. Therefore, according to the authors, it is the responsibility of government to take a more active role in educating citizens about their financial options and preventing foolish patterns of investing and spending which have long-range international ramifications.

Customer Reviews for "Animal Spirits: How Human Psychology Drives the Economy and Why It Matters for Global Capitalism (CD)" by George A. Akerlof (Author)

There are no customer reviews yet. Be the first to write a review!

Submit your Review

Explore More Great Tower Sales & Specials

Tower.com BOOK Sales, Promotions & Special Features

Tower.com Popular Book Wiki Articles

  • The Paperback
    Learn more information on the paperback format before choosing which type of book to purchase.
  • The E-Book
    What exactly is an "electronic book?" Learn before you buy with Tower Wiki!
  • The Audio Book
    Do you prefer to read or be read to? Learn more about this increasingly popular book format.

Interact with Tower.com