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Exploring the intersection of psychology and economics, this summary delves into how human emotions and instincts shape economic decisions and market behaviors. Akerlof and Shiller argue that traditional economic models often overlook these psychological factors, which can lead to significant market fluctuations and crises. The authors emphasize the importance of understanding these "animal spirits" to better navigate and influence global capitalism, highlighting their implications for policy-making and economic stability.
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Summary: Animal Spirits, Businessnews Publishing
- Language
- Released
- 2017
- product-detail.submit-box.info.binding
- (Paperback)
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- Title
- Summary: Animal Spirits
- Subtitle
- Review and Analysis of Akerlof and Shiller's Book
- Language
- English
- Authors
- Businessnews Publishing
- Publisher
- Political Book Summaries
- Released
- 2017
- Format
- Paperback
- ISBN13
- 9782512004943
- Category
- Social sciences
- Description
- Exploring the intersection of psychology and economics, this summary delves into how human emotions and instincts shape economic decisions and market behaviors. Akerlof and Shiller argue that traditional economic models often overlook these psychological factors, which can lead to significant market fluctuations and crises. The authors emphasize the importance of understanding these "animal spirits" to better navigate and influence global capitalism, highlighting their implications for policy-making and economic stability.