Please use this identifier to cite or link to this item:
Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Animal Spirits and Organization
Author(s): Dow, Sheila
Contact Email:
Keywords: animal spirits
Issue Date: Dec-2014
Date Deposited: 22-Dec-2014
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.
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:

Files in This Item:
File Description SizeFormat 
2014 jpke paper revised submitted.pdfFulltext - Accepted Version552.17 kBAdobe PDFView/Open

This item is protected by original copyright

Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.

The metadata of the records in the Repository are available under the CC0 public domain dedication: No Rights Reserved

If you believe that any material held in STORRE infringes copyright, please contact providing details and we will remove the Work from public display in STORRE and investigate your claim.