Tags » Hyman Minsky

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


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

Why don't most mainstream experts recognise the relevance of monetary reform?


Professor Joseph Huber writes:

In preparation for the 10th Annual Monetary Reform Conference in Chicago next week, organised by the American Monetary Institute, I have extensively revised the paper… 670 more words

Banking And Finance

Krugman on Minsky, IS-LM and Temporary Equilibrium

Catching up on my blog reading, I found this one from Paul Krugman from almost two weeks ago defending the IS-LM model against Hyman Minsky’s criticism (channeled by his student Lars Syll) that IS-LM misrepresented the message of Keynes’s… 1,109 more words