Consideration of economic and financial conditions today calls to mind the economic theorists who most influenced my own thinking, as an academic and as a venture capitalist: John Maynard Keynes and ...
FROM the start of his academic career in the 1950s until 1996, when he died, Hyman Minsky laboured in relative obscurity. His research about financial crises and their causes attracted a few devoted ...
Discover how Minsky Moments cause sudden market collapses after speculative booms. Learn their history and economic impact, ...
This post is going to be a bit wonkish. I apologize for those of you who are not economics geeks. Hopefully, you will find it interesting nonetheless. At the urging of my good friend Marshall Auerback ...
The mere mention of a “Minsky moment” — a sudden crash of markets and economies that are hooked on debt — is enough to send shudders through policy makers. The theory stems from the work of Hyman ...
I'm going to put forward a slightly unorthodox, but still basically true it seems to me, description of economic slowdowns, of recessions and depressions. That description being that all of the varied ...
China’s recent move to devalue its currency has shocked world markets. But it’s less of a shock if one keeps in mind what economist Hyman Minsky taught us about financial fragility and economic ...
This week “The Economist explains” is given over to economics. For each of six days until Saturday, this blog will publish a short explainer on a seminal idea. IN A narrow sense, the global financial ...
Although Hyman Minsky’s version of John Maynard Keynes’s economics had a minimal impact on the mainstream during his own lifetime and in the years following, its central insights remain as relevant as ...