The Paradox of Tranquility Revisited. A Lotka-Volterra Model of the Financial Instability

Marco Veronese Passarella

Rivista italiana degli economisti, 2010, issue 1, 69-104

Abstract: The aim of this paper is to describe by means of a simple Lotka-Volterra model the financial vulnerability of corporate sector. This should allow us to soften Lavoie's criticism of Minsky's «Financial Instability Hypothesis» which is based on the so-called «paradox of debt».

Keywords: heterodox approaches; post-keynesian economics; financial instability hypothesis (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:mul:jqat1f:doi:10.1427/31841:y:2010:i:1:p:69-104

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