Animal Spirits and Regime Uncertainty
By J. Robert Subrick
This article appeared in the Spring 2012 issue of The Independent Review

John Maynard Keynes’s ideas explain why expansionary fiscal policies do not always spur economic recovery. Surprising though it may seem, Keynes recognized that regime uncertainty discourages the “animal spirits” that drive private investment.

 PDF Read the Full Article (PDF, 4 pages)

Subscribe Today

Buy Single Issues

Independent Review Issues

Articles by Subject

Independent Review Articles on Related Subjects