Palley, Thomas I. - Institut für Makroökonomie und Konjunkturforschung … - 2009
This paper argues that Hyman Minsky's financial instability hypothesis weaves together a medium term Keynesian approach … Schumpeter (1939) and Kondratieff. Post Keynesians have devoted considerable attention to the medium term dimension of Minsky …'s thinking. The current paper concentrates on the long swing dimension and introduces the idea of "Minsky super-cycles." It is …