by Summary:
The economic crisis in 2008 was an anomaly for economic theory, but par for the course for the economy itself, since, as Hyman Minsky asserted, “capitalism is inherently flawed, being prone to booms, crises and depressions. This instability is due to characteristics the financial system must possess if it is to be consistent with full-blown ...
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Steve Keen considers the following as important:
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The economic crisis in 2008 was an anomaly for economic theory, but par for the course for the economy itself, since, as Hyman Minsky asserted, “capitalism is inherently flawed, being prone to booms, crises and depressions. This instability is due to characteristics the financial system must possess if it is to be consistent with full-blown ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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