"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 economy is now undergoing a credit crisis that he foresaw. Stabilizing an Unstable Economy covers:
The natural inclination of complex, capitalist economies toward instability
Booms and...
"Mr. Minsky long argued markets were crisis prone. His 'moment' has arrived." -The Wall Street Journal
In the winter of 1933, the American financial and economic system collapsed. Since then economists, policy makers and financial analysts throughout the world have been haunted by the question of whether "It" can happen again. In 2008 "It" very nearly happened again as banks and mortgage lenders in the USA and beyond collapsed. The disaster sent economists, bankers and policy makers back to the ideas of Hyman Minsky whose celebrated 'Financial Instability Hypothesis' is widely regarded as predicting the crash of 2008 and led Wall Street and beyond as to dub it as the 'Minsky Moment'.
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In the winter of 1933, the American financial and economic system collapsed. Since then economists, policy makers and financial analysts throughout...
