Retrospectives: Animal Spirits

Roger Koppl ()

Journal of Economic Perspectives, 1991, vol. 5, issue 3, 203-210

Abstract: John Maynard Keynes argued that when the conditions for rational action are not present, people are driven by "animal spirits." This article briefly considers Keynes' argument, and the history of the term.

JEL-codes: B29 (search for similar items in EconPapers)
Date: 1991
Note: DOI: 10.1257/jep.5.3.203
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Citations: View citations in EconPapers (9)

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