Ul 1685 Descargar Gratis Epub


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Animal Spirits


Animal Spirits

Author: George A. Akerlof

language: en

Publisher: Princeton University Press

Release Date: 2010-02-01


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From acclaimed economists George Akerlof and Robert Shiller, the case for why government is needed to restore confidence in the economy The global financial crisis has made it painfully clear that powerful psychological forces are imperiling the wealth of nations today. From blind faith in ever-rising housing prices to plummeting confidence in capital markets, "animal spirits" are driving financial events worldwide. In this book, acclaimed economists George Akerlof and Robert Shiller challenge the economic wisdom that got us into this mess, and put forward a bold new vision that will transform economics and restore prosperity. Akerlof and Shiller reassert the necessity of an active government role in economic policymaking by recovering the idea of animal spirits, a term John Maynard Keynes used to describe the gloom and despondence that led to the Great Depression and the changing psychology that accompanied recovery. Like Keynes, Akerlof and Shiller know that managing these animal spirits requires the steady hand of government—simply allowing markets to work won't do it. In rebuilding the case for a more robust, behaviorally informed Keynesianism, they detail the most pervasive effects of animal spirits in contemporary economic life—such as confidence, fear, bad faith, corruption, a concern for fairness, and the stories we tell ourselves about our economic fortunes—and show how Reaganomics, Thatcherism, and the rational expectations revolution failed to account for them. Animal Spirits offers a road map for reversing the financial misfortunes besetting us today. Read it and learn how leaders can channel animal spirits—the powerful forces of human psychology that are afoot in the world economy today. In a new preface, they describe why our economic troubles may linger for some time—unless we are prepared to take further, decisive action.

The Taming of Chance


The Taming of Chance

Author: Ian Hacking

language: en

Publisher: Cambridge University Press

Release Date: 1990-08-31


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In this important study Ian Hacking continues the enquiry into the origins and development of certain characteristic modes of contemporary thought undertaken in such previous works as the best-selling The Emergence of Probability. Professor Hacking shows how by the late-nineteenth century it became possible to think of statistical patterns as explanatory in themselves, and to regard the world as not necessarily deterministic in character. In the same period the idea of human nature was displaced by a model of normal people with laws of dispersion. These two parallel transformations fed into each other, so that chance made the world seem less capricious: it was legitimated because it brought order out of chaos. Combining detailed scientific historical research with characteristic philosophic breadth and verve, The Taming of Chance brings out the relations between philosophy, the physical sciences, mathematics and the development of social institutions, and provides a unique and authoritative analysis of the 'probabilisation' of the western world.

The Eastern Origins of Western Civilisation


The Eastern Origins of Western Civilisation

Author: John M. Hobson

language: en

Publisher: Cambridge University Press

Release Date: 2004-06-03


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