The Generalized ‘Minsky Moment’

James K. Galbraith and Daniel Munevar Sastre

Chapter 14 in The Elgar Companion to Hyman Minsky, 2010 from Edward Elgar Publishing

Abstract: This Companion provides a timely and engaging treatment of Hyman Minsky’s approach to economics, which is enjoying a renewed appreciation because of its prescient analysis of the slow but sure transformation of the capitalist economy in the post-war period. Many have called the global financial crisis that began in the United States in 2007 a ‘Minsky crisis’, and these original contributions demonstrate precisely why both academic economists as well as policymakers have turned to Minsky for guidance. The book brings together the foremost Minsky scholars to provide a comprehensive overview of his approach, with extensions to bring the analysis up to date.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2010
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