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Akerlof George A

Animal spiritis How human psychology drives the economy, and why it matters for global capitalism - Oxford Princeton University Press 2009 - 230P xiii HB 20cm

Civil Rights Political Crimes & Offenses Public Law - U K

Preface to the Paperback Edition vii
Preface xxi
Acknowledgments xxvii

Introduction 1

Part One: Animal Spirits
ONE Confidence and Its Multipliers 11
TWO Fairness 19
THREE Corruption and Bad Faith 26
FOUR Money Illusion 41
FIVE Stories 51

Part Two: Eight Questions and Their Answers
SIX Why Do Economies Fall into Depression? 59
SEVEN Why Do Central Bankers Have Power over the Economy (Insofar as They Do)? 74
POSTSCRIPT TO CHAPTER SEVEN The Current Financial Crisis: What Is to Be Done? 86
EIGHT Why Are There People Who Cannot Find a Job? 97
NINE Why Is There a Trade-off between Inflation and Unemployment in the Long Run? 107
TEN Why Is Saving for the Future So Arbitrary? 116
ELEVEN Why Are Financial Prices and Corporate Investments So Volatile? 131
TWELVE Why Do Real Estate Markets Go through Cycles? 149
THIRTEEN Why Is There Special Poverty among Minorities? 157
FOURTEEN Conclusion 167

Notes 177
References 199
Index 219

ISBN: 9780691142333

Dewey Class. No.: 330.122 AKE