Stabilizing an Unstable Economy
“Mr. Minsky long argued markets were crisis prone. His 'moment' has arrived.” -The Wall Street Journal
In his seminal work, Minsky presents his groundbreaking financial theory of investment, one that is startlingly relevant today. He explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns-and why the economy is now undergoing a credit crisis that he foresaw. Stabilizing an Unstable Economy covers:
Henry Kaufman, president, Henry Kaufman & Company, Inc., places Minsky's prescient ideas in the context of today's financial markets and institutions in a fascinating new preface. Two of Minsky's colleagues, Dimitri B. Papadimitriou, Ph.D. and president, The Levy Economics Institute of Bard College, and L. Randall Wray, Ph.D. and a senior scholar at the Institute, also weigh in on Minsky's present relevance in today's economic scene in a new introduction.
A surge of interest in and respect for Hyman Minsky's ideas pervades Wall Street, as top economic thinkers and financial writers have started using the phrase “Minsky moment” to describe America's turbulent economy. There has never been a more appropriate time to read this classic of economic theory.
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Review: Stabilizing an Unstable Economy: A Twentieth Century Fund ReportUser Review - Phil - Goodreads
The Financial Instability Theory is one of the most important economic ideas of the last 50 years, but the length and dry style makes this best-suited for people truly interested in economics. Read full review
Review: Stabilizing an Unstable Economy: A Twentieth Century Fund ReportUser Review - Paul Ducard - Goodreads
A very difficult read in many spots but I think I got most of his arguments. I found it entertaining how much of what he wrote 20 years ago seems all together familiar and applicable today. Read full review
ECONOMIC PROCESSES BEHAVIOR AND POLICY
THE EMERGENCE OF FINANCIAL INSTABILITY
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