Animal Spirits
by George A. Akerlof and Robert J. Shiller
How confidence, fairness, corruption, money illusion and stories drive the economy. Behavioral macroeconomics for general readers.
Read it if…
you want psychology applied to the whole economy.
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Skip it if…
you want personal finance.
Try instead: Manias, Panics, and Crashes →
Three things you will actually use
- Confidence is an economic force.
- Stories move markets.
- Fairness matters.
Do this first
Read the chapter on stories.
Our verdict
Psychology and the economy.
See the book →
Compare with other Money books
Manias, Panics, and Crashes
Charles P. Kindleberger and Robert Z. Aliber · Money
Anatomy of financial crises.
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