Quote of the week: John Maynard Keynes on animal spirits (opens in new tab)

This week’s extract is taken from Keynes’ General Theory, his magnum opus, which wrestled with the causes of unemployment amid the Great Depression of the 1930s and arguably laid the foundations of modern macroeconomics, the study of the economy as a whole. For Keynes, the investment decisions of businessmen were key to driving economic activity […]