Animal Spirits


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Animal Spirits

1. An informal term for consumer confidence used by John Maynard Keynes. The term has made a comeback since the 2000s economic crisis renewed interest in Keynesianism.

2. A slang term for the foolishness of taking a large risk in entrepreneurship by, for example, mortgaging one's house to finance an untried business venture.
References in periodicals archive ?
We at the Japan Economic Foundation are interested in discussing in future fora how to overcome this "lack of animal spirits syndrome", as well as the importance of diversity, learning from the success of Silicon Valley and other areas where the corporate birthrate is high.
The international regulatory framework has changed for the better since 2008, but no such changes can anticipate all the kinds of change in narratives that underlie public animal spirits.
Although the world economy is improving, momentum is sluggish and animal spirits are fragile, especially in the West.
India is an exception to the weaker animal spirits that prevail elsewhere, and could be a positive surprise in 2015.
the Fed confirmed it will begin tapering asset purchase, the US finally reached a budget deal, Europe's banks will undergo the asset quality review), we believe the animal spirits will fill CEOs with the confidence and willingness to spend again.
In a thought-provoking chapter on the Iban of the Layar River, Beguet shows that deceased relatives metamorphosed into animal spirits become ancestors.
What many hope is that we are now seeing a return of the fabled animal spirits to UK consumers and businesses.
Animal Spirits with Chinese Characteristics: Booms and Busts in the World's Emerging Economic Giant
The origin of the Barongs is obscure, but the generally accepted theory is that they are derived from animal spirits, chosen by societies who seek their protection.
The artist, who has more than three decades of experience living and working in New York, calls the exhibition Animal Spirits, in reference to the creatures symbolized by feathers or fur or claws in her compositions.
1) What defines or drives animal spirits is never defined, and this reviewer is not so sure that one can know in real-time what products, actions and results are stabilizing and those that are not.
Animal spirits are spontaneous urges to act that have no basis in rational calculation.