Tag Archives: Hyman Minksy

Minsky’s journey from socialism to stability for capitalist profitability comes about because he and the post-Keynesians deny and/or ignore Marx’s law of value, just as the ‘market socialists’, Lange and Lerner, did. The post-Keynesians and MMTers deny/ignore that profit comes from surplus value extracted by exploitation in the capitalist production process and it is this that is the driving force for investment and employment. They ignore the origin and role of profit, except as a residual...

I have read an article from Hyman Minsky which is only 6 pages long but contains some major arguments of his thought. There are also some very nice quotes to take out of the text. The article was published in the FRBNY Quarterly Review issue of spring 1992 on pages 77-82. Minsky attacks equilibrium economics: econoblog 101Minsky in 1993 on the Non-Neutrality of MoneyDirk Ehnts | Lecturer at Bard College Berlin

Good article on Minsky from an MMT understanding.Multiplier EffectMinskyan Reflections on the Ides of SeptemberJan Kregel | director of research at the Levy Economics Institute, director of the Levy Institute master’s program in economic theory and policy, head of the Institute’s Monetary Policy and Financial Structure program, and professor of development finance at Tallinn University of Technology

Over the weekend, DB's credit strategist Aleksandar Kocic discussed what Minsky Dynamics for the "New Normal" look like based on a matrix that charted the various progressions of Leverage vs Volatility, with four possible end states. However, since that graphic explanation proved too problematic for some, another Deutsche macro analyst, Alan Ruskin, released a far simpler representation of the current (and historical) Minsky cycle, which compartmentalizes the world's various assets in their...