Animal Spirits Revisited: American Capitalism and Emotional Life

Abstract

Focusing on the United States since the 1850s, this essay extends J. M. Keynes’s notion of “animal spirits” in economic life to include all the visceral impulses left out of the rational actor model, and to explore how those impulses have played out in a setting that is too often ignored by economists (even by Keynes himself) – the capitalist workplace

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