Goodreads helps you keep track of books you want to read.
Start by marking “Stabilizing an Unstable Economy: A Twentieth Century Fund Report” as Want to Read:
Stabilizing an Unstable Economy: A Twentieth Century Fund Report
Enlarge cover
Rate this book
Clear rating
Open Preview

Stabilizing an Unstable Economy: A Twentieth Century Fund Report

4.19  ·  Rating Details ·  169 Ratings  ·  16 Reviews

“Mr. Minsky long argued markets were crisis prone. His 'moment' has arrived.” -The Wall Street Journal

In his seminal work, Minsky presents his groundbreaking financial theory of investment, one that is startlingly relevant today. He explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns-and why the eco

Hardcover, 353 pages
Published September 10th 1986 by Yale University Press
More Details... edit details

Friend Reviews

To see what your friends thought of this book, please sign up.

Reader Q&A

To ask other readers questions about Stabilizing an Unstable Economy, please sign up.

Be the first to ask a question about Stabilizing an Unstable Economy

Community Reviews

(showing 1-30)
filter  |  sort: default (?)  |  Rating Details
Nick Klagge
Mar 04, 2012 Nick Klagge rated it really liked it
Shelves: economics
As with any classic, it's hard for me to gauge my feelings about this book now, and they may well be different several months on. But I'm very glad to have read it. For those who are not econ nerds, Minsky was an economist in the second half of the 20th century who was non-mainstream but whose views came back into vogue after the financial crisis, which appeared to validate his theories.

The only math in this book is algebra, mostly to do with simplified national accounting identities. In this se
Aug 24, 2012 Vivian rated it really liked it
Hyman Minsky huh
Minsky, who taught at Washington University in St. Louis, was a marginalized figure throughout his professional life, and died, still marginalized, in 1996. And to be honest, Minsky’s heterodoxy wasn’t the only reason he was ignored by the mainstream. His books are not, to say the least, user-friendly; nuggets of brilliant insight are strewn thinly across acres of turgid prose and unnecessary algebra. And he also cried wolf too often; to paraphrase an old joke by Paul Samuelson,
Gregg Wingo
Mar 21, 2013 Gregg Wingo rated it it was amazing
This work of Minsky focuses on his Financial Instability Hypothesis and is a direct challenge to the market efficiency assumptions of the Neoclassical synthesis. It is also a reflection of the cost of Fordism through Keynesian mechanisms or inflation. But chiefly the book is an indictment of financial capitalism and continues a line of economic thought from Smith to Marx to Keynes. Minsky is a critical link in the Smith-Marx-Keynes-Sraffa-Schumpeter-Minsky synthesis.

Minsky recognizes the dynami
Paul Ducard
Jul 13, 2013 Paul Ducard rated it really liked it
A very difficult read in many spots but I think I got most of his arguments. I found it entertaining how much of what he wrote 20 years ago seems all together familiar and applicable today.
Stabilizing an Unstable Economy, by Hyman Minsky, is a wonderful, but complex book on macroeconomic theory. Minsky examines the United States of the post WWII era (up to the 90's) and dissects the inherent instability in the system. His book is widely credited with "predicting" the crash of '08, although this is mostly through economic modeling and prediction on credit swapping and a growing "small government" movement within the US Federal Reserve.

Minsky's book was highly interesting, and very
Sep 30, 2011 Diego rated it really liked it
Una versión alternativa de las crisis desde la gran depresión, partiendo de una visión post-keynesiana. Un muy buen libro para entender algunas características y fallas del sistema capitalista en el siglo XX con algunas ideas interesantes sobre como fortalecer el sistema y eliminar sus inestabilidades endogenas.

Muy recomendando para los interesados en Macroeconomía y Economía Política.
Feb 12, 2014 Phil rated it liked it
The Financial Instability Theory is one of the most important economic ideas of the last 50 years, but the length and dry style makes this best-suited for people truly interested in economics.
Dec 12, 2010 Marta rated it it was amazing
A must read :)
Jan 18, 2012 Athena rated it really liked it
Shelves: economics
It is remarkable that this book, 25 years since its publication it more relevant than ever.
Darrel Pfingston
Jan 25, 2013 Darrel Pfingston rated it really liked it
written in 1986. reasonably describes the bubble/crash and the sub-Prime mortgage bubble/crash. proposition has credibility.
Barry Scatton
Nov 21, 2011 Barry Scatton rated it liked it
Finally got around to finishing this. I enjoyed reading Minsky's analysis even though I disagree with his ideas on monetary policy. If financial markets are your thing it's worth reading.
Jan 07, 2012 !Tæmbuŝu marked it as to-read
Shelves: economics
Parashar B.
Dec 02, 2012 Parashar B. rated it really liked it  ·  review of another edition
This book is really technical, but a very good read.
Deniz Kabaağaç
Jan 28, 2015 Deniz Kabaağaç rated it really liked it  ·  review of another edition
Shelves: economics
It is difficult but eloquent. It is different and meaningful. It certainly deserves a detailed second reading
George Jankovic
May 07, 2016 George Jankovic rated it it was amazing
One of the best economics books. It explains how bubbles form and why in economic, and not just psychological, terms.
Emre Ülger
Emre Ülger rated it it was amazing
Sep 01, 2015
Alberto Garzón
Alberto Garzón rated it liked it
Jan 23, 2011
Edwin Jain
Edwin Jain rated it really liked it
Aug 14, 2013
Ann Marie
Ann Marie rated it liked it
Nov 27, 2014
Clark rated it liked it
Oct 19, 2014
Andrew rated it really liked it
Dec 06, 2013
Kacey rated it really liked it
Apr 10, 2017
Cory Plikuhn
Cory Plikuhn rated it it was ok
Dec 20, 2015
mike baker
mike baker rated it liked it
May 27, 2014
Pak Shing
Pak Shing rated it really liked it
Jun 08, 2017
Ben rated it really liked it
Nov 08, 2016
Stephen rated it it was amazing
Oct 29, 2014
Ignasi Candela
Ignasi Candela rated it it was amazing
Nov 10, 2015
Jonathan rated it really liked it
Mar 11, 2015
Robert rated it it was amazing
Nov 16, 2016
« previous 1 3 4 5 6 next »
topics  posts  views  last activity   
The Financial Crisis 1 5 Nov 28, 2008 11:09PM  
  • Debunking Economics - Revised and Expanded Edition: The Naked Emperor Dethroned?
  • The New Industrial State
  • Monopoly Capital: An Essay on the American Economic and Social Order
  • Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System
  • The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy
  • The Soul of Capitalism: Opening Paths to a Moral Economy
  • The Holy Grail of Macroeconomics: Lessons from Japan's Great Recession
  • History of Economic Analysis: With a New Introduction
  • The Tragedy of the Euro
  • House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again
  • One Economics, Many Recipes: Globalization, Institutions, and Economic Growth
  • Manias, Panics, and Crashes: A History of Financial Crises
  • The Great Turning: From Empire to Earth Community
  • The New Lombard Street: How the Fed Became the Dealer of Last Resort
  • Poor Numbers: How We Are Misled by African Development Statistics
  • The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too
  • The Future of Money
  • A Treatise on Probability

Share This Book