Catalogue Number: PA2-6XQ4
- Author: David Tuckett
- Format: Hardback
- Publisher: Palgrave Macmillan
- Published: 13 May 2011
- ISBN: 9780230299856
The 2008 financial crisis showed that human emotion has a critical impact on financial markets. Until now, economic theories have failed to take this into account. At the heart of the worst financial crisis in world history was a failure to organise markets in a way that adequately controls the very human emotion and behaviour which trading unleashes. The newly established discipline of 'emotional finance', pioneered by David Tuckett, draws on principles of psychoanalysis to enable financial markets to be understood in a completely new way. By recognising the crucial role played by unconscious needs and fears, the influence of groups and the nature of uncertainty in all investment activity, Minding The Markets provides a deeper understanding of the markets and timely ideas about how to incorporate that understanding into policies to make markets safer. Based on candid and in-depth interviews with over 50 fund managers internationally, this groundbreaking book not only presents a fresh academic theory, but also reveals the truth about what happens in the emotionally-charged real world of financial trading.
DAVID TUCKETT is Fellow of the Institute of Psychoanalysis and Professor at University College London, UK. Recently honoured with a Sigourney Award for Psychoanalysis, the highest prize in the field, Professor Tuckett has brought together his initial training as an Economist with his subsequent work in Sociology and Psychoanalysis to initiate a new line of research; the significance of which has been recognised with recent invitations to speak at the Global Economic Symposium and the Global Risks Network of the World Economic Forum. Previously Principal of the Health Education Studies Unit at Cambridge University and Editor in Chief of the International Journal of Psychoanalysis, he is the author of many papers and several highly successful books.