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, this paper looks at 12 essential elements necessary to get a good understanding of Minsky's theory, and argues that those … understanding of the essential dynamics that Minsky put forward: the Financial Instability Hypothesis. …
Persistent link: https://www.econbiz.de/10010266449
This is the second part of a three-part analysis of the Minskyan framework. It studies in detail the dynamics at the root of the endogenous financial weakening of capitalist economic systems. This part combines the properties presented in part I with other important concepts, such as the paradox...
Persistent link: https://www.econbiz.de/10010266461
insights of Karl Marx on labor, as well as those of Hyman Minsky on finance. The best way to do this is within a longer …-like, nonmechanical view about long waves, where Minsky's financial Keynesianism is integrated with Marx's focus on capitalist relations … of production. Both are essential elements in understanding neoliberalism's ascent and collapse. Minsky provided crucial …
Persistent link: https://www.econbiz.de/10010513052
In this paper, I examine whether Hyman P. Minsky adopted an endogenous money approach in his early work - at the time … that he was first developing his financial instability approach. In an earlier piece (Wray 1992), I closely examined Minsky …. However, I will devote most of the discussion here to unpublished early manuscripts in the Minsky archive (Minsky 1959, 1960 …
Persistent link: https://www.econbiz.de/10010513077
This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower growth, global imbalances, and a number of domestic...
Persistent link: https://www.econbiz.de/10010513080
literature on money. The approach taken here is integrated with Hyman Minsky's (1986) work (which relies heavily on the work of …
Persistent link: https://www.econbiz.de/10010286493
This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower growth, global imbalances, and a number of domestic...
Persistent link: https://www.econbiz.de/10010228185
insights of Karl Marx on labor, as well as those of Hyman Minsky on finance. The best way to do this is within a longer …-like, nonmechanical view about long waves, where Minsky's financial Keynesianism is integrated with Marx's focus on capitalist relations … of production. Both are essential elements in understanding neoliberalism's ascent and collapse. Minsky provided crucial …
Persistent link: https://www.econbiz.de/10010457216
In this paper, I examine whether Hyman P. Minsky adopted an endogenous money approach in his early work - at the time … that he was first developing his financial instability approach. In an earlier piece (Wray 1992), I closely examined Minsky …. However, I will devote most of the discussion here to unpublished early manuscripts in the Minsky archive (Minsky 1959, 1960 …
Persistent link: https://www.econbiz.de/10010462515
This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower growth, global imbalances, and a number of domestic...
Persistent link: https://www.econbiz.de/10010733748