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Integrating Schumpeter and Keynes: Hyman Minsky's theory of capitalist development

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Chapter 18 in Reforming Capitalism for the Common Good, 2022, pp 236-255 from Edward Elgar Publishing

Abstract: This chapter explains the purpose and essential elements of Hyman Minsky's theory of capitalist development, then applies that theory to the US economy, identifying several stages from merchant capitalism to money manager capitalism. It concludes by identifying possibilities for future research and by suggesting that Minsky's theory provides a vital way to inject greater attention to finance into contemporary institutionalism.

Keywords: Economics and Finance; Politics and Public Policy Sustainable Development Goals (search for similar items in EconPapers)
Date: 2022
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