Purchase
Stabilizing an Unstable Economy
Hyman Minsky
McGraw-Hill
April 2008
On Sale: April 14, 2008
350 pages
ISBN: 0071592997
EAN: 9780071592994
Hardcover
Add to Wish List
Non-Fiction
“Mr. Minsky long argued markets were crisis prone.
His 'moment' has arrived.” -The Wall Street Journal In his seminal work, Minsky presents his groundbreaking
financial theory of investment, one that is startlingly
relevant today. He explains why the American economy has
experienced periods of debilitating inflation, rising
unemployment, and marked slowdowns-and why the economy is
now undergoing a credit crisis that he foresaw. Stabilizing
an Unstable Economy covers: The natural inclination of complex, capitalist economies
toward instability
Booms and busts as unavoidable results of high-risk lending
practices
“Speculative finance” and its effect on investment and
asset prices
Government's role in bolstering consumption during times of
high unemployment
The need to increase Federal Reserve oversight of banks
Henry Kaufman, president, Henry Kaufman & Company, Inc.,
places Minsky's prescient ideas in the context of today's
financial markets and institutions in a fascinating new
preface. Two of Minsky's colleagues, Dimitri B.
Papadimitriou, Ph.D. and president, The Levy Economics
Institute of Bard College, and L. Randall Wray, Ph.D. and a
senior scholar at the Institute, also weigh in on Minsky's
present relevance in today's economic scene in a new
introduction. A surge of interest in and respect for Hyman Minsky's ideas
pervades Wall Street, as top economic thinkers and
financial writers have started using the phrase “Minsky
moment” to describe America's turbulent economy. There has
never been a more appropriate time to read this classic of
economic theory.
Comments
No comments posted.
Registered users may leave comments.
Log in or register now!
| 
© 2003-2024 off-the-edge.net
all rights reserved Privacy Policy