Financialization in the Light of Keynesian Theory

Amit Bhaduri ()
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Amit Bhaduri: Jawaharlal Nehru University

PSL Quarterly Review, 2011, vol. 64, issue 256, 7-21

Abstract: Episodes of financial crises are usually recognizable as belonging to a general pattern despite their different historical specificities. The present essay attempts to isolate and understand the recurring common features of several recent crises in advanced market economies in the light of Keynesian theory with some crucial modifications introduced later particularly by Kaldor and Minsky with respect to the financial sector.

Keywords: financialization; Keynes; Minsky; Kaldor; aggregate demand; capital gains (search for similar items in EconPapers)
JEL-codes: E11 E40 G1 (search for similar items in EconPapers)
Date: 2011
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