Sunday , November 24 2024
Home / Video / Lecture 6 on Minsky, Financial Instability, the Great Depression & the Global Financial Crisis

Lecture 6 on Minsky, Financial Instability, the Great Depression & the Global Financial Crisis

Summary:
I explain Minsky’s Financial Instability Hypothesis–why he developed it, what were his inspirations, how well it fits the empirical record, and how it can be modeled easily using system dynamics methods. For some reason my webcam froze for the 1st half of the lecture; I start moving in the second half…

Topics:
Steve Keen considers the following as important:

This could be interesting, too:

Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it

Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister

New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice

Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.











I explain Minsky’s Financial Instability Hypothesis–why he developed it, what were his inspirations, how well it fits the empirical record, and how it can be modeled easily using system dynamics methods.



For some reason my webcam froze for the 1st half of the lecture; I start moving in the second half…



Steve Keen
Steve Keen (born 28 March 1953) is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include John Maynard Keynes, Karl Marx, Hyman Minsky, Piero Sraffa, Augusto Graziani, Joseph Alois Schumpeter, Thorstein Veblen, and François Quesnay.

Leave a Reply

Your email address will not be published. Required fields are marked *