Tags » Hyman Minsky

Hyman Minsky on the aim of policy

I am currently writing up an article on what Minsky added to Keynes an onwards to whether this is an up to date theoretical framework ready for use in the 21st century. 502 more words

Macro

Minsky and Kindleberger - an explanation of financial crises

In an often cynical world, standard financial and macroeconomic quantitative models give people the benefit of the doubt. Fundamental economic theory assumes the best of us, supposing that human beings are perfectly rational, know all the facts of a given situation, understand the risks, and optimize our behavior and portfolios accordingly.

10 more words
Political Economy

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…

2,423 more words
Politics

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
Asia

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.

1,811 more words
Economics