Wray, L. Randall (contributor); Tymoigne, Éric (contributor) - 2008
In this paper we present a theory of the financing of investment in a modern capitalist economy, following the approach … used to finance positions in assets is of critical importance, both for theory and for real-world outcomes. In the first … section we present the investment theory of the business cycle developed by John Maynard Keynes, and then examine Minsky …