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Keen Grasselli Giraud on Debt, Inequality, Crisis & Piketty

Summary:
I explain the genesis of my model of Minsky’s Financial Instability Hypothesis, and provide an extension of it which includes price dynamics. The mathematicians Matheus Grasselli and Gael Giraud follow with a variation of the model that approaches debt dynamics from the household perspective. Together they provide an analytic perspective on Piketty’s claims about the ...

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I explain the genesis of my model of Minsky’s Financial Instability Hypothesis, and provide an extension of it which includes price dynamics. The mathematicians Matheus Grasselli and Gael Giraud follow with a variation of the model that approaches debt dynamics from the household perspective. Together they provide an analytic perspective on Piketty’s claims about the causes of rising inequality.


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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