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Journal of Economic Perspectives: Vol. 5 No. 3 (Summer 1991)
JEP Volume. 5, Issue 3 | 
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Retrospectives: Animal Spirits
Article Citation
Koppl, Roger. 1991. "Retrospectives: Animal Spirits."
Journal of Economic Perspectives,
5(3): 203-210.
DOI: 10.1257/jep.5.3.203
DOI: 10.1257/jep.5.3.203
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.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Koppl, Roger (Fairleigh Dickinson U)
JEL Classifications
B29: History of Thought since 1925: Other
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