Hyman Minsky's "Stabilizing an unstable economy" - twenty years later
«Стабилизируя нестабильную экономику» Хаймана Мински — двадцать лет спустя
Papadimitriu, Dimitri (Пападимитриу, Димитри) () and
L. Randall Wray
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Papadimitriu, Dimitri (Пападимитриу, Димитри): Levy Economics Institute of Bard College
Authors registered in the RePEc Author Service: Dimitri B. Papadimitriou
Economic Policy, 2016, vol. 2, 22—51
The article provides an introduction to the new edition of the book Hyman Minsky "Stabilizing an unstable economy," provides an overview of the works of the scientist throughout his scientific career. The authors show that the theoretical Minsky's ideas have a high degree of community and not only help to explain the crisis in the US economy in 1960-1980-ies, but also can be used to analyze the contemporary manifestations of economic instability.
Keywords: financial instability hypothesis; the theory of the business cycle; the impact of public debt on the balance sheets; macroeconomic automatic stabilizers (search for similar items in EconPapers)
JEL-codes: B31 E12 E32 E44 E6 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:ecopol:ep1628
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