Wray, L. Randall (contributor); Tymoigne, Éric (contributor) - 2008
hypothesisʺ that relegates money and finance to the sidelines. Minsky vehemently denied the relevance of such a theory, at least … for a modern capitalist economy with complex, expensive, and long-lived capital assets. In our kind of economy, the method … used to finance positions in assets is of critical importance, both for theory and for real-world outcomes. In the first …