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Customer Review

VINE VOICEon 29 March 2010
What I found interesting about the book was not the authors' pointing out that the economy doesn't always function rationally (one only needs eyes and half a brain to work that out), but their description of the elements that they suggest make up at least part of that irrationality. Akerlof and Shiller's classification of 'animal spirits' into confidence, fairness, corruption and bad faith, money illusion and stories strikes me as a useful tool for analysing and understanding economic events.

The book doesn't put forward very specific solutions for 'replacing rather than repairing Humpty Dumpty', but is well worth reading nonetheless.
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