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Crash Course in Non-Equilibrium Economics Lecture 4B

Summary:
A debt crisis in a model of Minsky’s Financial Instability Hypothesis has the unexpected feature of a preceding “Great Moderation”.

Topics:
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A debt crisis in a model of Minsky’s Financial Instability Hypothesis has the unexpected feature of a preceding “Great Moderation”.


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.

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