also: アニマルスピリッツ
animal spirits
In economics, refers to the emotions and instincts (confidence, fear, optimism) that influence economic decision-making, a term popularized by J. M. Keynes.
Keynes argued that investors' animal spirits cause market fluctuations.
During a recession, corporate animal spirits cool down.
Variant with interpunct and plural ending.
Borrowed from English 'animal spirits', a term used in economics by John Maynard Keynes to describe the psychological factors driving economic behavior.