George Akerlof and Robert Shiller
George Akerlof and Robert Shiller George Akerlof is the Daniel E. Koshland Sr. Distinguished Professor of Economics at the University of California, Berkeley. He was awarded the 2001 Nobel Prize in economics. Robert Shiller is the bestselling author of 'Irrational Exuberance' and 'The Subprime Solution'. He is the Arthur M. Okun Professor of Economics at Yale University.
Animal Spirits
To understand how economies work and how we can manage them and prosper, we must pay attention to the thought patterns that animate people’s ideas and feelings, their animal spirits. We will never really understand important economic events unless we confront the fact that their causes are largely mental in nature.
It is unfortunate that most [...]
