Shiller on Animal Spirits Driving the Economy

Shiller on Animal Spirits Driving the Economy

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The world is awash with books about the “crash”, the credit crisis and depression economics. one of these — Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism — by Robert Shiller and George Akerlof seems to be getting traction.

I don’t agree with the idea of irrational exuberance but since people listen to Shiller, it is a good idea to be familiar with the material. He recently gave a lecture at The New School. If you ask me, Brad DeLong, who talked after Shiller, was more interesting:

 

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