To prevent the coronavirus shock to demand precipitating a long-lasting depression, government needs to become short-term payer of last resort.

One of the pluralist theories which has gained prominence following the 2008 financial crisis is Hyman Minsky and his Financial Instability Hypothesis (FIH). Minsky was unique in viewing balance sheets and financial flows as the primary components of capitalist economies, and his focus on the financial system meant he was well-equipped for foresee a crisis much like 2008. Although he died long before 2008 his framework anticipated many of the processes which led to the crash, particularly increased risk-taking and financial innovation which would outstrip the abilities of regulators and central banks to manage the system.

L’économiste américain d’origine russe Hyman Minsky accordait une place centrale à la finance dans le fonctionnement des économies capitalistes. Cent ans après sa naissance, la crise de 2008-2009 remet en avant ses analyses de l’instabilité financière et ses pistes de réflexion sur les mécanismes qui pourraient la contenir.

Exploring Economics, an open-source e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods.

Fighting Neoliberalism with Keynes & Minsky? Riccardo Bellofiore proposes to revise the insights of Minsky's financial instability hypothesis, combining it with the Keynesian theory of the monetary circuit to answer many questions in modern economy.

Ce texte présente les principales thèses avancées par la MMT, dans le but de dépasser une vision simpliste, naïve et faussement critique de la MMT, qui la présente comme une « théorie de la planche à billets ».

La finance est-elle structurellement instable ? Comment expliquer les crises financières ? Le regard de l'économiste Hyman Minsky.

The book deals with the financial instability hypothesis of Hyman P. Minsky and its application to current developments. The first part of the work summarizes the hypothesis and mentions works elaborating the hypothesis. The second part applies the hypothesis to the financial crisis 0f 2008/09.

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 …

Introduces four of the most influential economists you'll never read in a modern economics class - Marx, Veblen, Keynes, and Galbraith.