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.
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CITATION STYLE
APA
Koppl, R. (1991). Retrospectives: Animal Spirits. Journal of Economic Perspectives, 5(3), 203–210. https://doi.org/10.1257/jep.5.3.203
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