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The world's worst economic crisis since the 1930s is now well into its fourth year. Minsky's work has enjoyed unprecedented interest, with many calling this a "Minsky moment" or "Minsky crisis" and locating the beginnings of the crisis in the 2000s. I argue that we should not view this as a...
Persistent link: https://www.econbiz.de/10009353110
the warranted growth rate. Following Keynes and others it suggests the relevance of capital budgeting and shows how the …
Persistent link: https://www.econbiz.de/10008592581
argue that numerous writings of Keynes contain the premises of such a sustainable development. Indeed, Keynes's positions on …
Persistent link: https://www.econbiz.de/10008592587
We try to show that non-marketable services have a non-market monetary value, which is not extracted from the private sector and redirected to the public sector but produced by the latter. Work done in non-marketable services is not exchanged for capital, nor is it exchanged for levied income....
Persistent link: https://www.econbiz.de/10008592600
Minsky was not the faithful interpreter of >i>The General Theory>/i> that he supposed himself to be: he applied Keynes … new depression. From Keynes's stagnationist perspective, however, Hyman P. Minsky had the great merit of highlighting the …
Persistent link: https://www.econbiz.de/10008741381
, and consequences of these two crises in light of the analysis of Fisher, Keynes, and Minsky. This analysis proves very …
Persistent link: https://www.econbiz.de/10008741382
Keynes was always alert to the fact that capitalism, though in his mind the most efficient form of economic …
Persistent link: https://www.econbiz.de/10010712553
capitalist economies. This underrates Keynes's role as a precursor of modern information economics, and risks losing significant …
Persistent link: https://www.econbiz.de/10011094310
The model of effective demand from Keynes's General Theory was rendered graphically by such post-Keynesian scholars as …
Persistent link: https://www.econbiz.de/10011094312
financial crisis be worsening despite the efforts being made to return to stability? For a brief moment after the crisis, Keynes … became fashionable, but his ideas have again been forgotten. Technocrats and politicians do not find an answer in Keynes for … reading of Keynes provides the answer as to what finally transformed the tendency into an accelerating process that is …
Persistent link: https://www.econbiz.de/10011094318