|
| By Fisher Investments, The Street, 10/31/2011 |
|
Economists, both Keynesian and other in bent, have at least one area of commonality: The belief there's an aspect of economics that numerical studies or analysis of plans and policies can't explain. It's the behavioral aspect that drives consumers to spend and businesses to take risk: in Keynesian lingo, "animal spirits." In classical econo-speak, "confidence."
|