Tags » Hyman Minsky

Story of Walter Pitts

My good friend Srinivas Varadarajan had sent this story to me in December 2015. I read it in April 2016. Today, as I was reading the third chapter of the book, ‘The rise of robots’, the name Norbert Wiener came up and that somehow made me recall this story. 301 more words

Human Evolution

A politician who has risen despite everyone predicting otherwise. This article explores Donald Trump’s rise through the views and perspectives of famous French philosopher Roland Barthes, American economist Hyman Minsky and other political theories…

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China Facing Full-Blown Banking Crisis, World's Top Financial Watchdog Warns

China has failed to curb excesses in its credit system and faces mounting risks of a full-blown banking crisis, according to early warning indicators released by the world’. 596 more words

Banking Crisis Soon in China? Warning Indicator for China Banking Stress Climbs to Record -- China has the indicators preceding most financial crises

China is sinking ever deeper into debt, and risks a major banking crisis Credit: SINA

By Ambrose Evans-Pritchard
The Telegraph
18 September 2016 • 11:00am… 1,332 more words

Further Pretensions of Knowledge

The Economist‘s second article in its series on “seminal economic ideas” is about Hyman Minsky’s theory that “booms sow the seeds of busts”:

Having grown up during the Depression, Minsky was minded to dwell on disaster.

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Stock-Flow Consistent Modeling

PK-SFC Modeling

  • Integration of Real and Financial sectors of economy.
  • Balance-sheet  accounting approach
  • Stock-flow consistent
  • Quadruple accounting

From  Post-Keynesian Stock-Flow Consistent Modeling: A Survey

PK-SFC models are a specific kind of Post-Keynesian macro model that follows distinctive accounting rules, ensuring the consistent integration of the stocks and flows of all the sectors of the economy.

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Monetary Economics

Film review: Boom Bust Boom

A pertinent reminder that financial crises tend to share similar features, yet we keep on repeating the mistakes of the past

A seemingly endless number of post-crisis studies have been released in recent years. 671 more words