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    Summary: Animal Spirits: Review and Analysis of Akerlof and Shiller's Book
    Summary: Animal Spirits: Review and Analysis of Akerlof and Shiller's Book
    Summary: Animal Spirits: Review and Analysis of Akerlof and Shiller's Book
    Ebook32 pages18 minutes

    Summary: Animal Spirits: Review and Analysis of Akerlof and Shiller's Book

    By BusinessNews Publishing

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    About this ebook

    The must-read summary of George A. Akerlof and Robert J. Shiller's book: “Animal Spirits: How Human Psychology Drives the Economy, and why it Matters for Global Capitalism”. 

    This complete summary of "Animal Spirits" by George A. Akerlof and Robert J. Shiller, two renowned economists, presents their view that conventional economics has ignored elements such as confidence, trust, fairness and corruption. They argue that these elements must be taken into account to take better economic decisions, and that human psychology should not be underestimated when global financial markets are being considered.

    Added-value of this summary:
    • Save time
    • Understand how human psychology relates to economics
    • Expand your knowledge of economic issues

    To learn more, read "Animal Spirits" and discover Akerlof and Shiller's original and effective approach to economics in terms of psychology.
    LanguageEnglish
    PublisherPolitical Book Summaries
    Release dateJan 30, 2017
    ISBN9782511003213
    Summary: Animal Spirits: Review and Analysis of Akerlof and Shiller's Book

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      Summary - BusinessNews Publishing

      Book Abstract

      Animal spirits are those elements in the economy that are difficult to measure and quantify – elements like confidence and trust, fairness and corruption, and the role of stories. The authors assert that conventional economic theory has ignored the role of animal spirits to its detriment, for animal spirits help to explain much of what has caused our dire current economic conditions.

      Taking animal spirits into consideration on a personal and institutional level will allow people to make better economic decisions, and lead to necessary reform and regulations of the financial institutions.

      About the Author

      George A. Akerlof is the 2001 winner of the Nobel Prize in Economics. He is also the Daniel E. Koshland Distinguished Professor of Economics at the University of California, Berkeley.

      Robert J. Schiller is the

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