Capital instability, uncertainty and the role of monetary authorities: a Minsky reading

Maria de Lourdes Rollemberg Mollo ()

Brazilian Journal of Political Economy, 1988, vol. 8, issue 1, 105-129

Abstract: This paper is a study of the idea of the inherent instability of capitalism inMinsky’s conception. We begin by describing how Minsky connects the idea of financialfragility and instability with the instability of capitalism, Then we analyze two important featuresof Minsky’s explanation of the economy’s inherent tendency toward financial fragilityand crises. The first is the subjective behavior of the economic agents, given the uncertaintyin the economic world. The second is the role of banks and monetary authorities when themoney supply is considered, as here, endogenous. JEL Classification: B22; B31; G01; P10.

Keywords: History of economic thought; Minsky; financial system; Keynesianism (search for similar items in EconPapers)
Date: 1988
References: Add references at CitEc
Citations:

Downloads: (external link)
https://centrodeeconomiapolitica.org.br/repojs/ind ... ticle/view/1087/1072 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ekm:repojs:v:8:y:1988:i:1:p:105-129:id:1087

Access Statistics for this article

More articles in Brazilian Journal of Political Economy from Center of Political Economy
Bibliographic data for series maintained by Brazilian Journal of Political Economy (Brazil) ().