Binding: Hardcover
Description: 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.
Title: Stabilizing An Unstable Economy
Author(s): Minsky Hyman
Publisher: Mcgraw - Hill Education - Europe
Barcode: 9780071592994
Pages: 432 Pages
Publication Date: 4/1/2008
Category: Business & Management