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Indlæser... Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism (2009)af George A. Akerlof, Robert J. Shiller
   Der er ingen diskussionstråde på Snak om denne bog.   ) melsmarsh | Feb 7, 2018 |  This leaves several questions unanswered. Why do people make the same mistake over and over? There is no learning in the model. Why is empirical evidence used so sparingly? In cases such as 1929 and 2008-2009, there were identifiable, proximate causes for people's actions which we can turn to without invoking "animal spirits". Why is it assumed that the politicians who will save us from our irrationality are any more rational than we are? Psychology in economics is a fascinating and emerging field, but you'd never know it from this shallow and reductive book. (  ) JohnPhelan | Oct 4, 2016 | As we write this in October 2009, we are afraid that the optimism, even if still a bit guarded, reflects an Indian summer. We do not know what lies ahead. We go along with those who consider it a good sign, at the time of this writing, that there are “green shoots” of recovery, and that forecasters are talking about growth of GDP sometime in the near future. It would be far worse if people were gloomier. However, the problem I have with this book is that it tends to sell a viewpoint of how the economy works without presenting enough of the alternative viewpoints (though, as the authors state, they perceive their -neokeynesian - view as a minority view at present). In a nutshell, and very coarsely, the main view is: people are boundedly rationaly, this is something that the mainstream economic view does not want to know about, but really they should, as "animal spirits" do matter a lot - and they proceed to show how this point of view sheds light on a number of economic issues, from why people cannot find work to why financial markets are volatile. In the end, however, I don't think they manage to reach their objective, as I think most readers would come away with a picture whereby (macro)economists belong to either of two tribes, one peddling unfettered markets, while the other calls for more geovernment intervention to "save" individuals from the effects of their cognitive shortcomings (saving more for retirement, not fallig for snake oil and the like). This is compounded by (macro)economists being unable to agree on the basics (e.g. is there or is there not a trade-off between inflation and unemployment? Does a natural rate of unemployment exists), so surely the reader is bound to be more baffled after reading this book than before starting it. (  ) PaolaM | Mar 31, 2013 |  ) vegetarian | Dec 7, 2011 | If you’re looking for a book that explains behavioral economics to people who don’t understand, this is not the book for you. Since I didn’t understand it, I can’t say whether it’s any good for people who DO understand what the writers are talking about. ( )2  The_Hibernator | Dec 5, 2010 |
There is much to criticize in modern acroeconomics. But as the NYU economist Tom Sargent tells his students, “it takes a model to beat a model”. Akerlof and Shiller’s book criticizes classical economics but does not offer a viable or coherent alternative. Instead they advocate Keynesian policies that were discredited in the 1970s; a massive expansion of liquidity and a massive fiscal expansion. History has taught us that a massive expansion of liquidity will lead to inflation.  In Animal Spirits, two Keynesian economists — George Akerlof, a Nobel-prizewinning economist at the University of California, Berkeley, and Robert Shiller, an economist at Yale University — use findings from psychology to amplify one of economist John Maynard Keynes's theories. In his signature 1936 work, The General Theory of Employment, Interest and Money, Keynes explained that economies should fluctuate because people behave in unpredictable ways — under the influence of what he called "animal spirits".  the authors attempt to restore animal spirits to economic theory. They do this by drawing on the greater understanding of human psychology that exists today, and which Akerlof and Shiller, along with other economists, have incorporated into the relatively new field of behavioral economics. Though it calls for a reworking of economic theory, Animal Spirits is not a difficult book. It is short, chatty and anecdotal. The general reader will be engaged and drawn in. But the book is serious, too. Good notes and a bibliography are a guide to the literature that the book aims to tie together. Animal Spirits carries its ambition lightly – but is ambitious nonetheless. Economists will see it as a kind of manifesto. Animal Spirits is a good book to use in a senior-level, undergraduate economics course where students already have a strong background in traditional economic theory because it takes the reader beyond that level to a more realistic look at the world around us. Students would be required to extend their understanding of economics by incorporating elements of sychology and sociology. Interestingly, such a class might not help prepare the economics majors for a standard economics programme in graduate school, but it might help prepare them for jobs in government and public administration. HæderspriserNotable Lists
The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever-rising housing prices to plummeting confidence in capital markets, "animal spirits" are driving financial events worldwide. In this book, acclaimed economists George Akerlof and Robert Shiller challenge the economic wisdom that got us into this mess, and put forward a bold new vision that will transform economics and restore prosperity. 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. In a new preface, they describe why our economic troubles may linger for some time--unless we are prepared to take further, decisive action. No library descriptions found. |
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 Google Books — Indlæser...GenrerMelvil Decimal System (DDC)330.122019Social sciences Economics Economics Theory Systems CapitalismLC-klassificeringVurderingGennemsnit: (3.4)
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