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Animal Spirits

This chapter talks about “animal spirits.” Keynes concluded that much investment activity depends on psychology, what he called “animal spirits.” Animal spirits of entrepreneurs is a term coined by Keynes to describe investors’ feelings. Today we call “animal spirits” by their correct name–expectations of future profits and the expected future interest rates. If we expand this definition to include all expectations of our total economic future on a personal level, then what would be your “animal spirits?” In other words, what do you foresee economically in your future?