Animal Spirits


Also found in: Dictionary, Thesaurus, Medical, Encyclopedia.

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 ?
The first concerns not the liquidity preference of the rich, but of the banks, the "financial intermediaries." Perhaps animal spirits decline with wealth, though Silicon Valley is not a drowsy venue.
There are some similarities: just as Jung (1961/1973; 2009) communed with Philemon to expand his understanding and effectiveness in working with human nature, Indigenous shamans used the power and support from their animal spirits to heal patients: "The shaman has at least one, and usually more 'spirits' in his personal service...he commonly works to heal a patient by restoring beneficial or vital power, or by extracting harmful power" (Harner, 1990, p.
Rather than resorting to the apotropaic, the UAE government continues to remain proactive in terms of its policymaking and with a raft of measures on the anvil, what is assured is that the private sector animal spirits are on the cusp of revival.
Along with this, the reform measures like Insolvency and Bankruptcy Code and Real Estate (Regulation and Development) Act, 2016, which have already started yielding good results, will help in strengthening the revival of animal spirits and take the GDP growth beyond 8 percent, Shah said.
The run of gigs - in partnership with Manchester's iconic music venue Band on the Wall, start in September and run through October and December, There'll be intimate performances from Mercury Rev, James Holden & The Animal Spirits, Jane Weaver, The Slow Show, The Lone Bellow and Lankum, all in the award-winning Royal Exchange Theatre's unique in-the-round space, with performances spanning melodic americana to psychedelic electronica.
A negative cross-over of Moving Averages (10/50EMA), thin participation and 20WEMA (44,139) may keep animal spirits in check.
Here, more than 30 red deer antler headdresses were found which may have been used as a disguise in hunting, or during ritual performances by shamans when communicating with animal spirits.
While the impact of Brexit remains the dominant concern for CFOs, it has not forced a retreat from growth or crushed the animal spirits of the corporate sector.
There is typically a lag effect between "animal spirits" as reflected in the media and the "smart money" around inflection points that is the greatest indicator of the ineffectiveness of the media's impact on the predictive role of asset prices.
In one of the most-quoted passages of his 1936 "General Theory," Keynes argued that positive economic decisions "can only be taken as a result of animal spirits -- of a spontaneous urge to action rather than inaction."
Maynard Keynes used the phrase 'animal spirits' to describe consumer behaviour which can be quantified.
In his landmark book, The General Theory of Employment, Interest and Money, John Maynard Keynes used the term "animal spirits" to describe an emotional mindset that can override rational and quantifiable facts about the economy, either positive or negative.