Tags » Minsky

Artificial Intelligence in Online Education

Artificial Intelligence has been around for a long time. It was first coined in by John McCarthy in 1955 “McCarthy coined the term “AI” in 1955 in connection with a proposed… 3,146 more words


The unstable economy and the delusion of 'the Great Moderation'

“Economists are taught that the economy is intrinsically stable – price changes are small and random, so perturbations are rapidly damped out by the ‘invisible hand’ of market forces.

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Political Economy

Carbon Trading, Sustainable Development and Financial Fragility

The response to climate change is one of the most pressing policy issues of our time. Carbon trading assets are currently worth more than $100 billion. 1,793 more words

Stability is Destabilizing

In a recent  interview with Andrew Ross Sorkin, published in The New York Times, President Obama argued that the U.S. economy is in fine shape, despite public feelings that it might not be. 1,026 more words


[#120.2] Avi Baranes on financialization, mergers, and innovation from an (old) institutional economics perspective


Part 2 of our conversation with Avi. We definitely need him back ASAP for more!
Special guest: Avi Baranes on financialization in general, and the pharmaceutical industry in particular…
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Memory and Optimism of Societies

One of the most commonly cited reasons for studying history is to learn the mistakes of the past so we might avoid repeating them. Yet when we look over modern history there are repeated patterns of behaviour, countries fight wars with similar enemies over the same resources, politically we see issues – such as the balance between security and freedom – rise then fall then rise again in public discourse, and in economics there is the relentless cycle of booms and busts. 724 more words


Hyman Minsky's contribution to economics: a book review

Here is a link to my review of the recently published book Why Minsky Matters by L. Randall Wray, posted on the Rethinking Economics website. Anyone who wants a better understanding of the Great Financial Crisis needs to be familiar with Minsky’s ideas. 47 more words

Political Economy