Stabilizing an Unstable Economy: A Twentieth Century Fund Report
“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...more
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, ...more
The only math in this book is algebra, mostly to do with simplified national accounting identities. In this ...more
Minsky recognizes the ...more
Minsky's book was highly interesting, and very ...more
Muy recomendando para los interesados en Macroeconomía y Economía Política.