Minsky on “Big Government”

Daniel de Santana Vasconcelos ()

Brazilian Journal of Political Economy, 2014, vol. 34, issue 1, 15-38

Abstract: This paper objective is to assess, in light of the main works of Minsky, his view and analysis of what he called the “Big Government” as that huge institution which, in parallels with the “Big Bank” was capable of ensuring stability in the capitalist system and regulate its inherently unstable financial system in mid-20th century. In this work, we analyze how Minsky proposes an active role for the government in a complex economic system flawed by financial instability. JEL Classification: E02; E12; E62; H63.

Keywords: Government; deficit; fiscal policy; financial instability hypothesis; unemployment; employer of last resort (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ekm:repojs:v:34:y:2014:i:1:p:15-38:id:258

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