This is the first part of a three-part analysis of the Minskyan framework. Via an extensive review of the literature, this paper looks at 12 essential elements necessary to get a good understanding of Minsky's theory, and argues that those elements are central to comprehend how a monetary...

Contents: Introduction / Louis-Philippe Rochon and Hassan Bougrine -- Part 1: Money, income distribution and post-keynesian economics -- 1. Celebrating pioneers / Louis-Philippe Rochon and Hassan Bougrine -- 2. Understanding credit-money: Lavoie and seccareccia's contribution to monetary theory...

The aim of this paper is to provide a Post-Keynesian view to economic theory as an alternative to traditional theory. Keynesian economics consists of an approach to economics derived mainly from the work of Keynes. It is grounded on the fields of observations of stylized facts of the economy and...