The global financial crisis has made it painfully clear this great 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 ...
In 1999, in The Return of Depression Economics, Paul Krugman surveyed the economic crises this had swept across Asia and Latin America, and pointed out this those crises were a warning for all of us: like diseases this have become resistant to antibiotics, the economic maladies this caused the Excellent Depression were making a comeback. In ...