|
Definition of Animal spirits
1. Noun. (obsolete physiology) The theorized ‘spirits’ or physiological principles which allowed for sensation and voluntary movement. ¹
2. Noun. (obsolete) Liveliness, vivacity, a happy tendency to action. ¹
3. Noun. (economics) After Keynes (citation 1936, above), the emotional and intuitive factors that drive business decisions whether to make investment gambles. ¹
¹ Source: wiktionary.com