Minskian Financial Instability Hypothesis and Its Post Keynesian Roots: A Theoretical Approach

Ömer Doruk and Yusuf Can Şahi̇ntürk

Sosyoekonomi Journal, 2019

Abstract: Minsky’s financial instability hypothesis (FIH) has the main assumptions of the Post Keynesian macroeconomics. The main assumptions of the FIH and its Post Keynesian roots are discussed in this paper in a detailed way. Thus, it is seen that FIH is a business cycle analysis within Post Keynesian framework, the theoretical underpinnings of the Post Keynesian macroeconomic analysis are put in the forefront for understanding business cycles in Minsky’s analysis.

Keywords: Financial Instability Hypothesis; Post Keynesian Economics; Business Cycles.Issue:27(40) (search for similar items in EconPapers)
JEL-codes: B22 B41 E12 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:190206

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