Posts Tagged ‘boom and bust’

Animal Spirits, by Akerlof and Shiller

Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism, by George Akerlof and Robert Shiller, 2009 Yale Prof. Robert Shiller, author of Irrational Exuberance (2000; 2005), predicted the 2008 financial collapse years before it happened. The Case Shiller Home Price Index, founded with his partner, Wellesley Prof. Karl Case, ...Read more.