Hyman P. Minsky provides a valuable framework for understanding the world in which we live. While rereading Keynes and … discovering Minsky are noble goals, one should also remember the mistakes that were made in the past. The mainstream … expenditures will not do. On the contrary, problems may worsen. If one wants to get serious about Keynes and Minsky, one should …

12 and 17 of the General Theory. It essentially reduced Keynes to sticky wages and prices, with nonneutral money only in … Markets Hypothesis ; Keynesian Economics ; Orthodoxy ; Heterodox Economics ; Minsky ; Uncertainty ; Rational Expectations …

capital asset prices, and thus investment theory, hanging. This paper extends Kregel's analysis to an examination of the role …