
Animal Spirits
How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism
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Narrated by:
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Marc Vietor
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 government--simply allowing markets to work won't do it. In rebuilding the case for a more robust, behaviorally informed Keynesianism, they detail the most pervasive effects of animal spirits in contemporary economic life--such as confidence, fear, bad faith, corruption, a concern for fairness, and the stories we tell ourselves about our economic fortunes--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 spirits--the powerful forces of human psychology that are afoot in the world economy today.
©2009 George Akerlof and Robert Shiller (P)2009 Audible, Inc.Listeners also enjoyed...




















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Influential
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None of the above.
Brilliant insights into the ills of our economy. Ethics? Amen.
Whatever you think this book is, it's not. Try it. You'll like it.
Chris Reich
An Amazing Surprise
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Not a bad read/listen, just, a bit superficial in the analysis. But again, that's classic keynesianism right there.
Keynes would be proud
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Great reading
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If you are a capitalist, you might want to stop at the end of Chapter 12 as the authors take off their lab coats and get up on their social apologist soap box in an inexplicable departure from an otherwise coherent book.
One nagging point that the authors might not agree with is what I percieved to be an interchangeable use of "Economies" and "Markets". That strikes me as particularly egregious in a book on behavioral econ.
Absolutely don't agree w conclusion that Animal Spirits can or should be regulated away. Still, well worth a read.
A Relevant Portrayal of Behavioral Economics
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Concerned for the Narrators health
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Our world has a number of countries with different types of governments. From an economic viewpoint, the ones on the extreme ends of the scale are Singapore and Germany. European countries such as Germany have more governmental regulations than the US. Countries like Singapore have less. The authors are big fans of Keynes and thus would like to see government become bigger and thus more like a European government. Fortunately, the book does not devote much time to politics. Two books that are heavier in politics but with opposite viewpoints are Jack Welch’s Straight From the Gut and the one written by a leader of the Security Exchange Commission (SEC). The title is Take on the Street.
Five animal spirits and eight questions
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More than Expected
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Great book one small complaint
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The narrator’s constant breathing is tormenting
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