Animal Spirits (Keynes)
Animal spirits is the term John Maynard Keynes used in his 1936 book The General Theory of Employment, Interest and Money to describe the instincts, proclivities and emotions that ostensibly influence and guide human behavior, and which can be measured in terms of, for example, consumer confidence. It has since been argued that trust is also included in or produced by "animal spirits".
Read more about Animal Spirits (Keynes): Origins, Earlier Uses, See Also
Famous quotes containing the words animal and/or spirits:
“Not only does every animal live at the expense of some other animal or plant, but the very plants are at war.... The individuals of a species are like the crew of a foundered ship, and none but good swimmers have a chance of reaching the land.”
—Thomas Henry Huxley (1825–95)
“March indefatigably on,
And for the last effect
Still keep thy Sword erect:
Besides the force it has to fright
The Spirits of the shady Night;
The same Arts that did gain
A Pow’r must it maintain.”
—Andrew Marvell (1621–1678)