<html><body><div style="color:#000; background-color:#fff; font-family:times new roman, new york, times, serif;font-size:12pt"><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 12pt;"><span style="font-size: 12pt;">Mirco,</span></div><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 12pt; color: rgb(0, 0, 0); background-color: transparent; font-style: normal;"><span style="font-size: 12pt;"><br></span></div><div style="font-family: 'times new roman', 'new york', times, serif; font-size: 16px; color: rgb(0, 0, 0); background-color: transparent; font-style: normal;"><span style="font-size: 12pt;">>Anyway, the behaviors of the economic actors (protagonists and anonymous</span><br></div><div style="font-family: 'times new roman', 'new york', times, serif;"><div style="font-family: 'times new roman', 'new york', times, serif;"><div class="y_msg_container" style="font-family: 'times new roman',
'new york', times, serif; font-size: 12pt;">>guys and girls) is rational. Their behavior can be explained with<br>>ignorance, stupidity, avidity, selfishness, but not with with "animal<br>>spirits" possessing them.<br><br></div><div class="y_msg_container"><font size="3">"Animal spirits" is merely an archaic term used by Maynard Keynes to describe ordinary human fear and greed. Keynesian thought dominated economics from about WWII up until about the late 70s. </font>Keynesian thought then <font size="3">fell out of favor, due mainly to the work of Milton Friedman and the Chicago School of Economics, but it has recently enjoyed a resurgence in popularity.</font></div><div class="y_msg_container" style="font-family: 'times new roman', 'new york', times, serif; font-size: 12pt;"><br></div><div class="y_msg_container" style="font-family: 'times new roman', 'new york', times, serif; font-size: 12pt;">-Gordon</div> </div> </div>
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