Minding the Markets An Emotional Finance View of Financial Instability [Paperback]

Tuckett argues that most economists' explanations of the financial crisis miss its essence; they ignore critical components of human psychology. He offers a deeper understanding of financial market behaviour and investment processes by recognizing the role played by unconscious needs and fears in all investment activity.The Special Characteristics of Financial Assets Four Fund Managers Narratives, Minds and Groups Divided States Finding Phantastic Objects Experiencing News Divided Masters Experiencing Success and Failure Emotional Finance and New Economic Thinking Making Markets Safer

'Minding the Markets is a real contribution... a book the world really needs.' - George Akerlof, Nobel Laureate and American Economist

'Read this book if you want to understand the behaviour of financial markets.' Mervyn King, Governor of the Bank of England

'David Tuckett's work on the emotional underworld of asset management and financial markets is a true tour de force... As psychoanalyst, exceptional interviewer and rare interdisciplinary scholar he has brought sensitivity and sensibility to a world of unreason.' - Neil J.Smelser, University Professor of Sociology Emeritus, University of California, Berkeley, USA; and former Director of the Center for Advanced Study in the Behavioural Sciences in Stamford, California and President of the American Sociological Association (1997)

'This book is a treasure trove of pathbreaking and as yet unexplored ideas. Once they enter mainstream economics and politics, both the academic discipline and policy decision making will undoubtedly change. The book is written by a courageous and insightful psychoanalyst whose understanding of economics is profound enough to know that economists have overlooked things of vital importance: the role of emotions, stories, states of minds, and our affective relationships with people, ideas and things. There can be little doubt that these negleclC+