Tags » Hyman Minsky

Some New Lessons on Jobs from an Old Economist


Many economists do not write in a language which is easily understandable. While John Maynard Keynes was a terrific writer (he is possibly the only economist who actually came up with one-liners), his magnum opus… 1,045 more words

Equitymaster

Why banks love lending to you and me, but hate lending to corporates


Regular readers of this column would know that I regularly refer to the sectoral deployment of credit data usually released by the Reserve Bank of India(RBI) at the end of every month. 830 more words

Equitymaster

Did RBI just hint that Indian corporates have reached Ponzi stage of finance?


The Reserve Bank of India(RBI) releases the Financial Stability Report twice a year. The second report for this year was released yesterday (i.e. December 23, 2015). 1,789 more words

Banking

China’s Minsky moment: stability leads to instability

Hyman Minsky (1919–1996) was a distinguished American scholar and prominent post-Keynesian economist. In the wake of the 2008-2009 crisis Minsky’s invaluable scientific contribution has widely spread, but soon he has unfortunately disappeared from public and economic discussions. 468 more words

Neoliberalism

The Right to Buy Bubble

There’s a lot of anger around about the UK Government’s proposed extension of Right to Buy to housing association tenants. But it hasn’t been focused on what seems to me to be the worst aspect of the deal. 1,242 more words

A New Full Employment Policy - Making Politics Matter Again

In the lead-up to the UK election the big questions are all about either protecting or destroying existing institutions: the National Health Service, the British union, the European union. 1,766 more words

Why Are Corporations Hoarding all that Cash?

One of the ongoing puzzles of this joyless recovery (to give it the benefit of the doubt) has been the huge accumulation of cash by corporations. 1,534 more words

Austrian Business-Cycle Theory