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Meaning of animal spirits

Source language: EnglishDictionary language: English

animal spirits

noun

Definitions

  1. The theorized ‘spirits’ or physiological principles which allowed for sensation and voluntary movement.

  2. Liveliness, vivacity, a happy tendency to action.

  3. After Keynes (citation 1936, above), the emotional and intuitive factors that drive business decisions whether to make investment gambles.