Minsky, the Global Financial Crisis, and the Prospects Before Us

L. Randall Wray

Development, 2009, vol. 52, issue 3, 302-307

Abstract: Randall Wray suggests that the global crisis offers both grave risks as well as opportunities. He argues that government must play a bigger role, which in turn requires a new economic paradigm that recognizes the possibility of simultaneously achieving social justice, full employment, and price and currency stability through appropriate policy.

Date: 2009
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