This post talks about someone who has influenced modern investing and banking to a great deal – Hyman Minsky.
Hyman Minsky was a Jew born in 1919 at Chicago to immigrants from Belarus. 549 more words
The BBC recently featured a talk about Post-Keynesian economist Hyman Minsky, a somewhat obscure economist who is today remembered for his financial instability hypothesis. In short, “stability is destabilizing”. 595 more words
A pretty clear explanation of Hyman Minsky’s key ideas:
Most macroeconomists work with equilibrium models which assume the economy is fundamentally stable and that booms or crises are precipitated by external shocks “whether that be a rise in oil prices, a war or the invention of the internet”. 80 more words