Stabilizing An Unstable Economy
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Author |
: Hyman P. Minsky |
Publisher |
: McGraw Hill Professional |
Total Pages |
: 433 |
Release |
: 2008-05-01 |
ISBN-10 |
: 9780071593007 |
ISBN-13 |
: 0071593004 |
Rating |
: 4/5 (07 Downloads) |
Synopsis Stabilizing an Unstable Economy by : Hyman P. Minsky
“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: The natural inclination of complex, capitalist economies toward instability Booms and busts as unavoidable results of high-risk lending practices “Speculative finance” and its effect on investment and asset prices Government's role in bolstering consumption during times of high unemployment The need to increase Federal Reserve oversight of banks 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.
Author |
: Hyman Minsky |
Publisher |
: McGraw Hill Professional |
Total Pages |
: 15 |
Release |
: 2008-04-14 |
ISBN-10 |
: 9780071592994 |
ISBN-13 |
: 0071592997 |
Rating |
: 4/5 (94 Downloads) |
Synopsis Stabilizing an Unstable Economy by : Hyman Minsky
“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: The natural inclination of complex, capitalist economies toward instability Booms and busts as unavoidable results of high-risk lending practices “Speculative finance” and its effect on investment and asset prices Government's role in bolstering consumption during times of high unemployment The need to increase Federal Reserve oversight of banks 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.
Author |
: Hyman P. Minsky |
Publisher |
: New Haven : Yale University Press |
Total Pages |
: 353 |
Release |
: 1986 |
ISBN-10 |
: 0300033869 |
ISBN-13 |
: 9780300033861 |
Rating |
: 4/5 (69 Downloads) |
Synopsis Stabilizing an Unstable Economy by : Hyman P. Minsky
Examines the causes of turbulence in the American economy and recommends government policies for improving the stability of the economy
Author |
: L Randall Wray |
Publisher |
: Princeton University Press |
Total Pages |
: 285 |
Release |
: 2017-10-17 |
ISBN-10 |
: 9780691178400 |
ISBN-13 |
: 0691178402 |
Rating |
: 4/5 (00 Downloads) |
Synopsis Why Minsky Matters by : L Randall Wray
Perhaps no economist was more vindicated by the global financial crisis than Hyman P. Minsky (1919–96). Although a handful of economists raised alarms as early as 2000, Minsky's warnings began a half-century earlier, with writings that set out a compelling theory of financial instability. Yet even today he remains largely outside mainstream economics; few people have a good grasp of his writings, and fewer still understand their full importance. Why Minsky Matters makes the maverick economist’s critically valuable insights accessible to general readers for the first time. L. Randall Wray shows that by understanding Minsky we will not only see the next crisis coming but we might be able to act quickly enough to prevent it. As Wray explains, Minsky’s most important idea is that "stability is destabilizing": to the degree that the economy achieves what looks to be robust and stable growth, it is setting up the conditions in which a crash becomes ever more likely. Before the financial crisis, mainstream economists pointed to much evidence that the economy was more stable, but their predictions were completely wrong because they disregarded Minsky’s insight. Wray also introduces Minsky’s significant work on money and banking, poverty and unemployment, and the evolution of capitalism, as well as his proposals for reforming the financial system and promoting economic stability. A much-needed introduction to an economist whose ideas are more relevant than ever, Why Minsky Matters is essential reading for anyone who wants to understand why economic crises are becoming more frequent and severe—and what we can do about it.
Author |
: Hyman P. Minsky |
Publisher |
: Levy Economics Institute of Bard College |
Total Pages |
: 185 |
Release |
: 2013 |
ISBN-10 |
: 1936192314 |
ISBN-13 |
: 9781936192311 |
Rating |
: 4/5 (14 Downloads) |
Synopsis Ending Poverty by : Hyman P. Minsky
Although Hyman P. Minsky is best known for his ideas about financial instability, he was equally concerned with the question of how to create a stable economy that puts an end to poverty for all who are willing and able to work. This collection of Minsky's writing spans almost three decades of his published and previously unpublished work on the necessity of combating poverty through full employment policies-through job creation, not welfare.
Author |
: Dimitri B. Papadimitriou |
Publisher |
: Edward Elgar Pub |
Total Pages |
: 290 |
Release |
: 2010 |
ISBN-10 |
: 1847208495 |
ISBN-13 |
: 9781847208491 |
Rating |
: 4/5 (95 Downloads) |
Synopsis The Elgar Companion to Hyman Minsky by : Dimitri B. Papadimitriou
This book provides a timely and engaging treatment of Hyman Minsky's approach to economics, which is enjoying a renewed appreciation because of its prescient analysis of the slow but sure transformation of the capitalist economy in the post-war period.
Author |
: Hyman Minsky |
Publisher |
: McGraw Hill Professional |
Total Pages |
: 15 |
Release |
: 2008-04-14 |
ISBN-10 |
: 9780071716345 |
ISBN-13 |
: 0071716343 |
Rating |
: 4/5 (45 Downloads) |
Synopsis Stabilizing an Unstable Economy, Part 1 - Introduction by : Hyman Minsky
This chapter comes from Stabilizing an Unstable Economy, the seminal work by Hyman Minsky. It reveals 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.
Author |
: Carmen M. Reinhart |
Publisher |
: Princeton University Press |
Total Pages |
: 513 |
Release |
: 2011-08-07 |
ISBN-10 |
: 9780691152646 |
ISBN-13 |
: 0691152640 |
Rating |
: 4/5 (46 Downloads) |
Synopsis This Time Is Different by : Carmen M. Reinhart
An empirical investigation of financial crises during the last 800 years.
Author |
: Hyman Minsky |
Publisher |
: McGraw Hill Professional |
Total Pages |
: 143 |
Release |
: 2008-04-14 |
ISBN-10 |
: 9780071716369 |
ISBN-13 |
: 007171636X |
Rating |
: 4/5 (69 Downloads) |
Synopsis Stabilizing an Unstable Economy, Part 3 - Economic Theory by : Hyman Minsky
This chapter comes from Stabilizing an Unstable Economy, the seminal work by Hyman Minsky. It reveals 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.
Author |
: Piero Ferri |
Publisher |
: Edward Elgar Publishing |
Total Pages |
: 228 |
Release |
: 2019 |
ISBN-10 |
: 9781788973731 |
ISBN-13 |
: 1788973739 |
Rating |
: 4/5 (31 Downloads) |
Synopsis Minsky’s Moment by : Piero Ferri
At its core this book sets out the analytical and methodological foundations of Minsky’s financial instability hypothesis (FIH). Grounded on the joint work of Piero Ferri and Hyman Minsky, it offers insightful analysis from a unique insider's perspective. The objective is to deepen and enlarge the toolbox used by Minsky and to place the analysis within a dynamic perspective where a meta model, based upon regime switching, can encompass the different forms that the FIH can assume.