by Summary:
This lecture models Minsky’s Financial Instability Hypothesis and shows that Minsky’s vision of a unstable economy emerge from a simple model derived directly from macroeconomic identities for the employment rate, the wages share of GDP, and the private debt to GDP ratio. This is the fourth of six lectures I recorded that I gave to ...
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Steve Keen considers the following as important:
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This lecture models Minsky’s Financial Instability Hypothesis and shows that Minsky’s vision of a unstable economy emerge from a simple model derived directly from macroeconomic identities for the employment rate, the wages share of GDP, and the private debt to GDP ratio. This is the fourth of six lectures I recorded that I gave to ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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