Psychology's role in recovery explained

Image courtesy Princeton University Press.

They say you can't judge a book by its cover, but the Sendak-esque gremlins standing gleefully atop the peaks -- and dangling with fright from the valleys -- of an economic-cycle chart along the cover of "Animal Spirits: How Human Psychology Drives the Economy and Why It Matters for Global Capitalism" do begin to make the case plead within.

The premise of authors George Akerlof and Robert Shiller is that Keynesian macroeconomic theory was only partially adopted via New Deal fiscal policies.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.