IDEAS home Printed from https://ideas.repec.org/a/mes/postke/v36y2014i3p439-466.html
   My bibliography  Save this article

Do animal spirits rely on somatic markers? Keynes in light of neuroscience

Author

Listed:
  • Michael Lainé

Abstract

Thanks to neuroscience, the brain is no longer a black box. It is possible to investigate its basic functioning and see whether its teachings may buttress Keynes's concept of animal spirits. Seven features constitute them: duality of reasoning; automatic analogical assessment; automatic decision; anchorage in emotions; intermediation between body and soul; beyond the rational/irrational dichotomy; and conventional basis. This article aims to compare these features comprising animal spirits with Damasio's "somatic marker hypothesis." It appears that both theories are very much in tune, in that they emphasize analogical induction, the intelligence of emotions, and the automaticity of cognition and action. It may prove useful, as a way to stimulate further research, to enrich and deepen animal spirits thanks to somatic markers.

Suggested Citation

  • Michael Lainé, 2014. "Do animal spirits rely on somatic markers? Keynes in light of neuroscience," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 36(3), pages 439-466.
    • Handle: RePEc:mes:postke:v:36:y:2014:i:3:p:439-466
    DOI: 10.2753/PKE0160-3477360303
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2753/PKE0160-3477360303
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.2753/PKE0160-3477360303?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:postke:v:36:y:2014:i:3:p:439-466. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MPKE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.