Animal Spirits Wie Wirtschaft Wirklich Funktioniert

ISBN-10: 069114592X
ISBN-13: 9780691145921
Edition: 2010 (Revised)
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Description: This text provides a picture of how a capitalist economy works, especially at the macro level. It considers eight questions about the working of the economy. This provides the background that is necessary to take on other questions about  More...

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Book details

List price: $11.95
Copyright year: 2010
Publisher: Princeton University Press
Publication date: 2/21/2010
Binding: Paperback
Pages: 264
Size: 5.50" wide x 8.25" long x 1.00" tall
Weight: 0.352
Language: English

This text provides a picture of how a capitalist economy works, especially at the macro level. It considers eight questions about the working of the economy. This provides the background that is necessary to take on other questions about macroeconomic policy, finance, bankruptcy law, and others, and to begin to answer them.

George Arthur Akerlof is an American economist and Koshland Professor of Economics at the University of California, Berkeley. Akerlof received his Bachelor's degree from Yale University in 1962, and his Ph.D. from MIT in 1966, and has taught at the London School of Economics. Akerlof won the 2001 Nobel Prize in Economics (shared with Michael Spence and Joseph E. Stiglitz). and is perhaps best known for his article, "The Market for Lemons: Quality Uncertainty and the Market Mechanism", published in Quarterly Journal of Economics in 1970. Akerlof's authored book titles include: An Economic Theorist's Book of Tales (Cambridge University Press, 1984), Explorations in Pragmatic Economics (Oxford University Press, 2005), and Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism (Princeton University Press, 2009).

Robert J. Shiller is the Stanley B. Resor Professor of Economics at Yale University. Also the author of the award-winning "Macro Markets" as well as "Market Volatility", he lives in New Haven, Connecticut.

Preface to the Paperback Edition
Preface
Acknowledgments
Introduction
Animal Spirits
Confidence and Its Multipliers
Fairness
Corruption and Bad Faith
Money Illusion
Stories
Eight Questions and Their Answers
Why Do Economies Fall into Depression?
Why Do Central Bankers Have Power over the Economy (Insofar as They Do)?
Postscript to Chapter seven The Current Financial Crisis: What Is to Be Done?
Why Are There People Who Cannot Find a Job?
Why Is There a Trade-off between Inflation and Unemployment in the Long Run?
Why Is Saving for the Future So Arbitrary?
Why Are Financial Prices and Corporate Investments So Volatile?
Why Do Real Estate Markets Go through Cycles?
Why Is There Special Poverty among Minorities?
Conclusion
Notes
References
Index

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