Stabilizing an Unstable Economy

by Minsky, Hyman

• ISBN13: 9780071592994
• ISBN10: 0071592997
• Edition: 1st
• Format: Hardcover
• Copyright: 2008-05-05
• Publisher: McGraw Hill

Summary

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

Foreword	p. vii
Preface and Acknowledgments to the First Edition	p. ix
Minsky's Stabilizing an Unstable Economy: Two Decades Later	p. xi
Introduction	p. 1
Economic Processes, Behavior, and Policy	p. 3
Economic Experience	p. 13
A Deep Recession But Not a Depression in 1975: The Impact of Big Government	p. 15
A Deep Recession But Not a Depression in 1975: The Impact of Lender-of-Last-Resort Intervention	p. 43
The Emergence of Financial Instability in the Postwar Era	p. 77
Economic Theory	p. 107
Perspectives on Theory	p. 109
The Current Standard Theory: The After-Keynes Synthesis	p. 129
Prices and Profits in a Capitalist Economy	p. 157
Investment and Finance	p. 191
Financial Commitments and Instability	p. 219
Institutional Dynamics	p. 247
Banking in a Capitalist Economy	p. 249
Inflation	p. 283
Policy	p. 317
Introduction to Policy	p. 319
An Agenda for Reform	p. 327
Financing Structures	p. 371
Consumer Prices and Real Wages	p. 381
Index	p. 385
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