Stabilizing an Unstable Economy

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  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2008-05-05
  • Publisher: McGraw-Hill Education

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With today's financial market turmoil rocking investments around the globe, market watchers say we're in a "Minsky moment," where financial crisis is inevitable. Stabilizing an Unstable Economy is now accessible to all money managers, traders, and economists in this new edition.

Author Biography

Hyman P. Minsky, Ph.D., was an American economist who studied under Joseph Schumpeter and Wassily Leontief. He taught economics at Washington University, University of California, Berkeley, Brown University, and Harvard University. Minsky joined the Jerome Levy Economics Institute of Bard College as a distinguished scholar in 1990, where he continued his research and writing until a few months before his death in October, 1996. His two seminal books were Stabilizing an Unstable Economy and John Maynard Keynes.

Table of Contents

Forewordp. vii
Preface and Acknowledgments to the First Editionp. ix
Minsky's Stabilizing an Unstable Economy: Two Decades Laterp. xi
Introductionp. 1
Economic Processes, Behavior, and Policyp. 3
Economic Experiencep. 13
A Deep Recession But Not a Depression in 1975: The Impact of Big Governmentp. 15
A Deep Recession But Not a Depression in 1975: The Impact of Lender-of-Last-Resort Interventionp. 43
The Emergence of Financial Instability in the Postwar Erap. 77
Economic Theoryp. 107
Perspectives on Theoryp. 109
The Current Standard Theory: The After-Keynes Synthesisp. 129
Prices and Profits in a Capitalist Economyp. 157
Investment and Financep. 191
Financial Commitments and Instabilityp. 219
Institutional Dynamicsp. 247
Banking in a Capitalist Economyp. 249
Inflationp. 283
Policyp. 317
Introduction to Policyp. 319
An Agenda for Reformp. 327
Financing Structuresp. 371
Consumer Prices and Real Wagesp. 381
Indexp. 385
Table of Contents provided by Ingram. All Rights Reserved.

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