Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/21330
Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Animal Spirits and Organization
Authors: Dow, Sheila
Contact Email: s.c.dow@stir.ac.uk
Keywords: animal spirits
uncertainty
organisation
innovation
Issue Date: Dec-2014
Publisher: Taylor and Francis
Citation: Dow S (2014) Animal Spirits and Organization, Journal of Post Keynesian Economics, 37 (2), pp. 211-231.
Abstract: The purpose of this paper is to explore the scope for analysing animal spirits as a social and cultural phenomenon which is heavily influenced by the organisational structure of firms and industries as well as by national structures. Animal spirits are considered in terms of unsubstantiated optimism, low uncertainty perception and low uncertainty aversion. We distinguish between animal spirits with respect to expanding capacity on the one hand and animal spirits with respect to innovation on the other. The first case is analysed primarily in terms of fluctuations in spontaneous optimism and uncertainty perception, while the emphasis for the second is more on the enduring dispositions of organisations and individuals. Animal spirits in both contexts are shown to be influenced by structural factors which are open to policy management.
Type: Journal Article
URI: http://hdl.handle.net/1893/21330
URL: http://www.tandfonline.com/doi/abs/10.2753/PKE0160-3477370202#.VOXufk9F3cs
Rights: This item has been embargoed for a period. During the embargo please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study. This is an Accepted Manuscript of an article published by Taylor & Francis Group in Journal of Post Keynesian Economics on 30 January 2015, available online: http://www.tandfonline.com/10.2753/PKE0160-3477370202
Affiliation: Economics

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