Series: Governing Ideas
Number 16 of 27
Why Human Psychology Matters to the Global Financial Crisis
On March 2, the Brookings Institution hosted Nobel laureate and Brookings Nonresident Senior Fellow George A. Akerlof and acclaimed economist Robert J. Shiller for a discussion of their new book, Animal Spirits: How Human Psychology Drives the Economy, and Why it Matters for Global Capitalism. Akerlof and Shiller assert the necessity of an active government role in economic policymaking by recovering John Maynard Keynes’s insight about "animal spirits," a term used to describe the gloom and despondence that led to the Great Depression and the changing psychology that accompanied recovery. Brookings Senior Fellow William Galston moderated a panel discussion with the authors, Brookings Senior Fellow Jeffrey Kling.
This event is part of the Governing Ideas series intended to broaden the discussion of governance issues through forums on timely and relevant books on history, culture, legal norms and practices, values and religion.
After the program, panelists took audience questions.
Daniel E. Koshland Sr. Distinguished Professor of Economics, University of California, Berkeley
Nonresident Senior Fellow, The Brookings Institution
Arthur M. Okun Professor of Economics, Yale University
Senior Fellow and Deputy Director, Economic Studies
Senior Fellow and Director, Hudson Institute’s Center for Economic Policy
March 2, 2009
10:00 AM - 12:00 PM EST
The Brookings Institution
1775 Massachusetts Ave., NW
For More Information
Brookings Office of Communications
events [at] brookings.edu
SERIES: Governing Ideas | Number 16