Term coined by British economist John Maynard Keynes to describe consumer confidence and its impact on the economy. The term was first used in Keynes's "The General Theory of Employment."
Related information about animal spirits:
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"Animal spirits" is the term John Maynard Keynes used in his 1936 book The General Theory of Employment, Interest and Money to describe emotions which ...
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Akerlof and Shiller are the first to try to rework economic theory for our times. The effort itself makes their book a milestone. . . . And their book takes their case not ...
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A term used by John Maynard Keynes used in one of his economics books. In his 1936 publication, "The General Theory of Employment, Interest and Money," ...
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According to Keynes, animal spirits are a particular sort of confidence, "naive optimism". ... Where these animal spirits come from is something of a mystery.