This book analyses the logic of applying the American Post-Keynesian economist Hyman Minsky s Financial Instability Hypothesis (FIH) to the financial crisis of 2007-08. Arguing that most theories of financial crisis, including Minsky s own, only describe events, but do not actually explain them, the book surveys theories of financial crisis that have been developed to describe instability in the post-WW2 US financial system and analyses them in their historical context.
The book argues that explanation of the financial crisis of 2007-08 should involve interpretation of the concept...
This book analyses the logic of applying the American Post-Keynesian economist Hyman Minsky s Financial Instability Hypothesis (FIH) to the financi...
