Retrospectives: Animal Spirits
- (pp. 203-210)
AbstractJohn 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.
CitationKoppl, Roger. 1991. "Retrospectives: Animal Spirits." Journal of Economic Perspectives, 5 (3): 203-210. DOI: 10.1257/jep.5.3.203
- B29 History of Thought since 1925: Other