Hyman Minsky

Can It Happen Again? (eBook, ePUB)

Essays on Instability and Finance

• Format: ePub

Produktbeschreibung

In the winter of 1932-33, the American financial and economic system collapsed. Since then economists, policy makers and financial analysts throughout the world have been haunted by the question of whether "It" can happen again. No one has done more to put this question at the forefront of economics than Hyman Minsky, whose celebrated 'Financial Instability Hypothesis' is widely regarded as foreseeing the crash of 2008, dubbed the 'Minsky Moment'.

In this book Minsky defines "It", determines whether or not "It" can happen again, and attempts to understand why, at the time of writing, "It" had not happened again.

This Routledge Classics edition includes a new foreword by Jan Toporowski.

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Produktdetails

• Verlag: Taylor & Francis eBooks
• Seitenzahl: 344
• Erscheinungstermin: 14. April 2016
• Englisch
• ISBN-13: 9781317232490
• Artikelnr.: 44896196

Autorenporträt

Hyman Minsky

Inhaltsangabe

Preface Introduction Can "It" Happen Again?: A Reprise 1. Can "It" Happen
Again? 2. Finance and Profits: The Changing Nature of American Business
Cycles 3.The Financial Instability Hypothesis: An interpretation of Keynes
and an Alernative to "Standard" Theory 4. Capitalist Financial Processes
and the Instability of Capitalism 5. The Financial Instability Hypothesis:
A Restatement 6. Financial Instability Revisited: The Economics of Disaster
7. Central Banking and Money Market Changes 8. The New Uses of Monetary
Power 9. The Federal Reserve: Between a Rock and a Hard Place 10. An
Exposition of a Keynesian Theory of Investment 11. Monetary Systems and
Accelerator Models 12. The Integration of Simple Growth and Cycle Models
13. Private Sector Assets Management Policy: Theory and Practice Index

Rezensionen

"It is time to revive an old issue: Just how inherently unstable are economies? But instead of getting much guidance these days from contemporary economists, we need to turn to some of the giants from the past. The work of Hyman Minsky...is especially on the mark."
The New York Times





"Today, his views are reverberating from New York to Hong Kong as economists and traders try to understand what's happening in the markets... Indeed, the Minsky moment has become a fashionable catch phrase on Wall Street."
The Wall Street Journal

"There are few better places to begin the serious study of financial questions than with Can "It" Happen Again? - the work of the most insightful observer of finance in the economics profession today."
Robert Pollin, Monthly Review

"Minsky's essays are creative, sophisticated and wise. He has an important message for economists and a wider public."
Journal of Economic Issues

"The most significant economic event of the era since World War II is something that has not happened: there has not been a deep and long-lasting depression."
From the Introduction.