by Summary:
This lecture covers how Hyman Minsky developed his “Financial Instability Hypothesis” to answer the question “Can “It”—a Great Depression—happen again?”, by combining insights from Marx, Fisher, Schumpeter, Kalecki, and finally Keynes. I show how his model can be explained simply by working from the macroeconomic definitions of employment, income distribution, and debt. It is, at ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
This lecture covers how Hyman Minsky developed his “Financial Instability Hypothesis” to answer the question “Can “It”—a Great Depression—happen again?”, by combining insights from Marx, Fisher, Schumpeter, Kalecki, and finally Keynes. I show how his model can be explained simply by working from the macroeconomic definitions of employment, income distribution, and debt. It is, at ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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