Minsky’s Vision and its Relationship with The General Theory

Elisabetta Antoni

Chapter 10 in Advances in Monetary Policy and Macroeconomics, 2007, pp 174-191 from Palgrave Macmillan

Abstract: Abstract Minsky is generally considered to be one of the main exponents of the Post Keynesian School (King 2002). He himself presented his theory as an authentic interpretation/a legitimate extension of The General Theory.1 Minsky’s theory flows into his financial instability hypothesis, according to which a financially advanced economy is structurally unstable,2 tending to move through a sequence of an expansion, a speculative boom and a financial crisis followed by a debt deflation and a deep depression. Minsky’s up-to-dateness consists precisely in his placing finance and financial instability at the centre of his analysis.

Keywords: Interest Rate; Monetary Policy; Internal Fund; European Monetary Union; Investment Good (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-80076-2_10

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DOI: 10.1057/9780230800762_10

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