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The Relevance of Hyman Minsky [PDF]
Challenge, 1997 The highly regarded economist Hyman Minsky died late last year. His work, however, has never been more relevant than it is today. Robert Pollin offers this summary of his contribution.
Robert Pollin
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Journal of Economic Issues, 1997
Hyman P. Minsky (September 23, 1919-October 24, 1996) was the outstanding financial Keynesian of our time. He began his career as a professional economist in 1949, when he joined the economics faculty of Brown University. He learned economics during his undergraduate years from the University of Chicago "greats" that included Paul Douglas, Oscar Lange,
Dimitri B. Papadimitriou +1 more
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Hyman P. Minsky (September 23, 1919-October 24, 1996) was the outstanding financial Keynesian of our time. He began his career as a professional economist in 1949, when he joined the economics faculty of Brown University. He learned economics during his undergraduate years from the University of Chicago "greats" that included Paul Douglas, Oscar Lange,
Dimitri B. Papadimitriou +1 more
exaly +2 more sources
Chapter 2: Hyman Minsky on Financial Crises
2021This chapter explains the 2008 financial crisis with the help of the work of Hyman Minsky on instability. He explained financial crises as the consequence of over-optimism and over-borrowing, leading to unsustainable debt. A crash happens when the bubble bursts (the ‘Minsky Moment’).
Irène van Staveren
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