Tags » Hyman Minsky

What Do Stock Prices Tell Us about the Economy?

Stock prices (as measured by the S&P 500) in 2017 rose by over 20%, an impressive amount, and what is most impressive about it is perhaps that this rise prices came after eight previous years of steady increases. 3,062 more words

Irving Fisher

A Critique of the Critique of Finance: Critics of neoliberal capitalism rarely recognize the productive power of speculation

by Martijn Konings

If there is one theme that unites the various critiques of contemporary finance, it is the emphasis on its speculative character. Financial growth is said to be driven not by the logic of efficient markets, but rather by… 1,225 more words