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Animal Spirits

How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism

Animal Spirits( )
Author: Akerlof, George A.
Shiller, Robert J.
ISBN:978-0-691-14233-3
Publication Date:Feb 2009
Publisher:Princeton University Press
Book Format:Hardback
List Price:USD $24.95
Book Description:

From blind faith in ever-rising housing prices to plummeting confidence in capital markets, 'animal spirits' are driving financial events worldwide. This book aims to challenge the economic wisdom that got us into this mess, and puts forward a fresh vision that can transform economics and restore prosperity.

Book Details
Author Biography
Akerlof, George A. (Author)
George Arthur Akerlof is an American economist and Koshland Professor of Economics at the University of California, Berkeley. Akerlof received his Bachelor's degree from Yale University in 1962, and his Ph.D. from MIT in 1966, and has taught at the London School of Economics.

Akerlof won the 2001 Nobel Prize in Economics (shared with Michael Spence and Joseph E. Stiglitz). and is perhaps best known for his article, "The Market for Lemons: Quality Uncertainty and the Market Mechanism", published in Quarterly Journal of Economics in 1970.

Akerlof's authored book titles include: An Economic Theorist's Book of Tales (Cambridge University Press, 1984), Explorations in Pragmatic Economics (Oxford University Press, 2005), and Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism (Princeton University Press, 2009).

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