Animal Spirits, by Akerlof and Shiller

Yale Prof. Robert Shiller, author of Irrational Exuberance (2000; 2005), predicted the 2008 financial collapse years before it happened. Last year, Shiller partnered with UC Berkeley Prof. George Akerlof to produce Animal Spirits–elaborating on the psychology that inspires “irrational exuberance” and other mass human behavior that affects the economy. . . . → Read More: Animal Spirits, by Akerlof and Shiller

Can Invading a Small Third-World Country Stimulate the Economy?

Did Mussolini’s 1935 invasion of Abyssinia help Italy escape the Depression? . . . → Read More: Can Invading a Small Third-World Country Stimulate the Economy?