Summary: Animal Spirits
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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.