Animal Spirits: A Q&A With George Akerlof
It’s safe to say that macroeconomists haven’t been very popular lately. In fact, many people blame the profession for such sins as failing to predict the housing bubble and encouraging the deregulation of the financial industry. In their new book Animal Spirits, the economists George Akerlof and Robert Shiller propose a new macroeconomic framework — one that incorporates real human . . .