Being in the lobbyist business is a reminder – sometimes painful, always amusing – that we never really left high school. Every psychological issue from high school friends, frenemies, and not-so-friends comes forward: who knows whom, who is rising, who is falling, hooking up, breaking up, parents are divorcing, stuck in study hall – what else? Feel free to add to the list.
Economics is pretty much the same thing, or so argue the authors of Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism. In the early pages where I find myself, the book already comes across as a foil to Sowell’s tome Basic Economics that I read over several weeks recently.