Stabilizing An Unstable Economy

Author : Hyman Minsky
Publisher : McGraw Hill Professional
ISBN 13 : 0071593004
Total Pages : 350 pages
Book Rating : 4.07/5 ( download)

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Download or read book Stabilizing an Unstable Economy written by Hyman Minsky and published by McGraw Hill Professional. This book was released on 2008-05-01 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Mr. Minsky long argued markets were crisis prone. His 'moment' has arrived.” -The Wall Street Journal In his seminal work, Minsky presents his groundbreaking financial theory of investment, one that is startlingly relevant today. He explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns-and why the economy is now undergoing a credit crisis that he foresaw. Stabilizing an Unstable Economy covers: The natural inclination of complex, capitalist economies toward instability Booms and busts as unavoidable results of high-risk lending practices “Speculative finance” and its effect on investment and asset prices Government's role in bolstering consumption during times of high unemployment The need to increase Federal Reserve oversight of banks Henry Kaufman, president, Henry Kaufman & Company, Inc., places Minsky's prescient ideas in the context of today's financial markets and institutions in a fascinating new preface. Two of Minsky's colleagues, Dimitri B. Papadimitriou, Ph.D. and president, The Levy Economics Institute of Bard College, and L. Randall Wray, Ph.D. and a senior scholar at the Institute, also weigh in on Minsky's present relevance in today's economic scene in a new introduction. A surge of interest in and respect for Hyman Minsky's ideas pervades Wall Street, as top economic thinkers and financial writers have started using the phrase “Minsky moment” to describe America's turbulent economy. There has never been a more appropriate time to read this classic of economic theory.

Author : Hyman Minsky
Publisher : McGraw Hill Professional
ISBN 13 : 0071592997
Total Pages : 15 pages
Book Rating : 4.94/5 ( download)

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Download or read book Stabilizing an Unstable Economy written by Hyman Minsky and published by McGraw Hill Professional. This book was released on 2008-04-14 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Mr. Minsky long argued markets were crisis prone. His 'moment' has arrived.” -The Wall Street Journal In his seminal work, Minsky presents his groundbreaking financial theory of investment, one that is startlingly relevant today. He explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns-and why the economy is now undergoing a credit crisis that he foresaw. Stabilizing an Unstable Economy covers: The natural inclination of complex, capitalist economies toward instability Booms and busts as unavoidable results of high-risk lending practices “Speculative finance” and its effect on investment and asset prices Government's role in bolstering consumption during times of high unemployment The need to increase Federal Reserve oversight of banks Henry Kaufman, president, Henry Kaufman & Company, Inc., places Minsky's prescient ideas in the context of today's financial markets and institutions in a fascinating new preface. Two of Minsky's colleagues, Dimitri B. Papadimitriou, Ph.D. and president, The Levy Economics Institute of Bard College, and L. Randall Wray, Ph.D. and a senior scholar at the Institute, also weigh in on Minsky's present relevance in today's economic scene in a new introduction. A surge of interest in and respect for Hyman Minsky's ideas pervades Wall Street, as top economic thinkers and financial writers have started using the phrase “Minsky moment” to describe America's turbulent economy. There has never been a more appropriate time to read this classic of economic theory.

Author : Hyman P. Minsky
Publisher :
ISBN 13 :
Total Pages : 395 pages
Book Rating : 4.38/5 ( download)

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Download or read book Stabilizing an Unstable Economy written by Hyman P. Minsky and published by . This book was released on 2008 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : L. Randall Wray
Publisher : Princeton University Press
ISBN 13 : 0691178402
Total Pages : 285 pages
Book Rating : 4.00/5 ( download)

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Download or read book Why Minsky Matters written by L. Randall Wray and published by Princeton University Press. This book was released on 2017-10-17 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: Perhaps no economist was more vindicated by the global financial crisis than Hyman P. Minsky (1919–96). Although a handful of economists raised alarms as early as 2000, Minsky's warnings began a half-century earlier, with writings that set out a compelling theory of financial instability. Yet even today he remains largely outside mainstream economics; few people have a good grasp of his writings, and fewer still understand their full importance. Why Minsky Matters makes the maverick economist’s critically valuable insights accessible to general readers for the first time. L. Randall Wray shows that by understanding Minsky we will not only see the next crisis coming but we might be able to act quickly enough to prevent it. As Wray explains, Minsky’s most important idea is that "stability is destabilizing": to the degree that the economy achieves what looks to be robust and stable growth, it is setting up the conditions in which a crash becomes ever more likely. Before the financial crisis, mainstream economists pointed to much evidence that the economy was more stable, but their predictions were completely wrong because they disregarded Minsky’s insight. Wray also introduces Minsky’s significant work on money and banking, poverty and unemployment, and the evolution of capitalism, as well as his proposals for reforming the financial system and promoting economic stability. A much-needed introduction to an economist whose ideas are more relevant than ever, Why Minsky Matters is essential reading for anyone who wants to understand why economic crises are becoming more frequent and severe—and what we can do about it.

Author : Dimitri B. Papadimitriou
Publisher : Edward Elgar Pub
ISBN 13 : 9781847208491
Total Pages : 290 pages
Book Rating : 4.95/5 ( download)

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Download or read book The Elgar Companion to Hyman Minsky written by Dimitri B. Papadimitriou and published by Edward Elgar Pub. This book was released on 2010 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book 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.

Author : Hyman P. Minsky
Publisher : Levy Economics Institute of Bard College
ISBN 13 : 9781936192311
Total Pages : 185 pages
Book Rating : 4.14/5 ( download)

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Download or read book Ending Poverty written by Hyman P. Minsky and published by Levy Economics Institute of Bard College. This book was released on 2013 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although Hyman P. Minsky is best known for his ideas about financial instability, he was equally concerned with the question of how to create a stable economy that puts an end to poverty for all who are willing and able to work. This collection of Minsky's writing spans almost three decades of his published and previously unpublished work on the necessity of combating poverty through full employment policies-through job creation, not welfare.

Author : Hyman Minsky
Publisher : McGraw Hill Professional
ISBN 13 : 0071716343
Total Pages : 15 pages
Book Rating : 4.45/5 ( download)

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Download or read book Stabilizing an Unstable Economy, Part 1 - Introduction written by Hyman Minsky and published by McGraw Hill Professional. This book was released on 2008-04-14 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: This chapter comes from Stabilizing an Unstable Economy, the seminal work by Hyman Minsky. It reveals his groundbreaking financial theory of investment, one that is startlingly relevant today. He explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns--and why the economy is now undergoing a credit crisis that he foresaw.

Author : Hyman Minsky
Publisher : McGraw Hill Professional
ISBN 13 : 007171636X
Total Pages : 143 pages
Book Rating : 4.69/5 ( download)

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Download or read book Stabilizing an Unstable Economy, Part 3 - Economic Theory written by Hyman Minsky and published by McGraw Hill Professional. This book was released on 2008-04-14 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: This chapter comes from Stabilizing an Unstable Economy, the seminal work by Hyman Minsky. It reveals his groundbreaking financial theory of investment, one that is startlingly relevant today. He explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns--and why the economy is now undergoing a credit crisis that he foresaw.

Author : Carmen M. Reinhart
Publisher : Princeton University Press
ISBN 13 : 0691152640
Total Pages : 513 pages
Book Rating : 4.46/5 ( download)

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Download or read book This Time Is Different written by Carmen M. Reinhart and published by Princeton University Press. This book was released on 2011-08-07 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: An empirical investigation of financial crises during the last 800 years.

Author : John M. Blatt
Publisher : Routledge
ISBN 13 : 1315496283
Total Pages : 398 pages
Book Rating : 4.83/5 ( download)

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Download or read book Dynamic Economic Systems written by John M. Blatt and published by Routledge. This book was released on 2019-07-29 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: The future of the Common Law judicial system in Hong Kong depends on the perceptions of it by Hong Kong's Chinese population, judicial developments prior to July 1, 1997, when Hong Kong passes from British to Chinese control, and the Basic Law. These critical issues are addressed in this book.