A second reason for the attention is that a great search is going on to discover reasons for the current economic and financial collapse. This book provides a coherent rationale for the collapse, although I disagree with it.
The Akerlof/Shiller hypothesis is “that much of economic activity is governed by animal spirits.” People’s “animal spirits” are defined as the “noneconomic motives” they use when making decisions.[Story continued here]
Professor John M. Mason's blog: http://maseportfolio.blogspot.com/
Mason's personal website: http://www.personal.psu.edu/jmm27/bio.html