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> Even John Maynard Keynes, the father of modern economics, attributed our irrational choices to “animal spirits.” Yeah, there's an equivocation in this refere
by tpeo 9y ago
> Even John Maynard Keynes, the father of modern economics, attributed our irrational choices to “animal spirits.”
Yeah, there's an equivocation in this reference. The "animal" in "animal spirits" doesn't refer to non-human lifeforms, rather it means "of or relating to a soul". The expression itself is an obsolete medical term which designated what people from late antiquity to the modern period thought was the cause of bodily movement.
By the early 20th century, it had become a somewhat quaint and tongue-in-cheek expression. To say that someone was "full of animal spirits" was to say that a person was lively, restless, or something like that.
There's without doubt a conflict between rationality and irrationality in Keynes' usage of it. But that conflict isn't alluded to through a reference to "animals", in the contemporary sense.
https://en.wikipedia.org/wiki/Animal_spirits_(Keynes) https://en.wikipedia.org/wiki/Animal_spirits_(Keynes)
https://neurophilosophy.wordpress.com/2006/11/16/exorcising-animal-spirits-the-discovery-of-nerve-function/ https://neurophilosophy.wordpress.com/2006/11/16/exorcising-...
- msgilligan 9y agoAnd the term 'Homo Economicus' is usually (and originally) used pejoratively to critique economics for its oversimplification of human behavior.