A recent book by Akerlof and Shiller titled for an idea of this man, Animal Spirits, argues that psychological forces spurred the financial crisis. He rejected the neutrality of money, arguing that inflation can increase cons
A recent book by Akerlof and Shiller titled for an idea of this man, Animal Spirits, argues that psychological forces spurred the financial crisis. He rejected the neutrality of money, arguing that inflation can increase consumption in the short run due to price misperception. John Hicks's IS/LM model mathematically summarizes the ideas of this man, whose namesake branch of economics created the economic "multiplier" and believes in the efficacy of fiscal policy. For 10 points, name this British author of the General Theory of Employment, Interest, and Money.
A recent book by Akerlof and Shiller titled for an idea of this man, Animal Spirits, argues that psychological forces spurred the financial crisis.
John Maynard {Keynes}