Animal Spirits: How Human Psychology Drives The Economy, And Why It Matters For Global Capitalism. This book is an incredible read, though difficult at times to grasp - you will love it if you don't mind re-reading chapters. Akerlof and Shiller offer extremely interesting insight to the comparison of the current market downturn and the Savings and Loan Crisis of the early 1990's. The writings of the efficiency wage theory and the labor markets are, from what I can tell, ahead of it's time. The insight for younger people to start saving their pennies is helpful. Also, noting Singapore's ability to save their way out of poverty... Furthermore, the credit market evaluations that are discussed are very interesting. Check back to this post often as I see myself reading this book a few more times. I would recommend this book to all, not just those in the finance world. We are lucky to have two premier economists link their thoughts together in one book!
Monday, January 25, 2010
Noteworthy Reads
Animal Spirits: How Human Psychology Drives The Economy, And Why It Matters For Global Capitalism. This book is an incredible read, though difficult at times to grasp - you will love it if you don't mind re-reading chapters. Akerlof and Shiller offer extremely interesting insight to the comparison of the current market downturn and the Savings and Loan Crisis of the early 1990's. The writings of the efficiency wage theory and the labor markets are, from what I can tell, ahead of it's time. The insight for younger people to start saving their pennies is helpful. Also, noting Singapore's ability to save their way out of poverty... Furthermore, the credit market evaluations that are discussed are very interesting. Check back to this post often as I see myself reading this book a few more times. I would recommend this book to all, not just those in the finance world. We are lucky to have two premier economists link their thoughts together in one book!
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