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transformation of the economy. Today’s crisis is rooted in what he called “money manager capitalism,” the current stage of capitalism … rises. Perhaps this will prove to be the end of this stage of capitalism–the money manager phase. Of course, it is too early … even to speculate on the form capitalism will take. I will only briefly outline some policy implications. -- Hyman Minsky …
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transformation of the economy. Today's crisis is rooted in what he called “money manager capitalism,” the current stage of capitalism … rises. Perhaps this will prove to be the end of this stage of capitalism — the money manager phase. Of course, it is too … early even to speculate on the form capitalism will take. I will only briefly outline some policy implications …
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The thesis studies three pivotal episodes in the evolution of what became the Global Financial Crisis of 2008-09. These three events - the collapse of the US housing market, the breakdown of the repo money market, and the banking crash - are indispensable for understanding some of the key...
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