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THE PARADOX OF DEBT AND MINSKY'S FINANCIAL INSTABILITY HYPOTHESIS

open access: closedMetroeconomica, 2012
ABSTRACTSome authors have claimed that the paradox of debt invalidates Minsky's theory of financial instability. Their theoretical frameworks are radically different from Minsky's in several aspects. Important Minskian elements, the role of margins of safety as a basis of financial decisions and the effects of asset prices on debt dynamics, among ...
Soon Ryoo
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Is Minsky’s financial instability hypothesis valid?

Cambridge Journal of Economics, 2015
In this article I reassess the validity of Minsky’s financial instability hypothesis and the main criticism about its internal coherence. Starting from this fundamental objection, I study Minsky’s contribution within the scope of a highly simplified macro-model.
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Teaching Minsky's financial instability hypothesis: a manageable suggestion

Journal of Post Keynesian Economics, 2008
For more than 20 years, Post Keynesian contributions, based on the work of Hyman Minsky, have been flourishing. However, these models are often extremely sophisticated, involving numerical simulations to obtain precise results. Thus, the main purpose of this paper is to propose an introductory and analytically tractable model of accumulation and debt ...
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