Showing 1 - 10 of 19,155
Since the death of Hyman Minsky in 1996, much has been written about financialization. This paper explores the issues … that Minsky examined in the last decade of his life and considers their relationship to that financialization literature …. Part I addresses Minsky’s penetrating observations regarding what he called money manager capitalism. Part II outlines the …
Persistent link: https://www.econbiz.de/10011695553
the Great Recession, what visions they develop about future development of capitalism and to which extent these different …
Persistent link: https://www.econbiz.de/10010491508
Persistent link: https://www.econbiz.de/10003813953
The Coronavirus disease (COVID-19) triggered a sharp contraction of economic activity across Asia and the Pacific. Policymakers adopted a 'whatever it takes' approach in their initial response, relying mainly on liquidity support to help firms survive the shock. This paper discusses how the...
Persistent link: https://www.econbiz.de/10012487321
Persistent link: https://www.econbiz.de/10013541469
ökonomische Bestandsvoraussetzungen. Eine Krisentheorie des Kapitalismus muss heute viel stärker die intrasystemischen … of capitalism. I develop the thesis that the theories of "ungovernability" and "late capitalism" were wrong in locating … the origins of crises in contemporary capitalism only indirectly in the economy. The theory of late capitalism, however …
Persistent link: https://www.econbiz.de/10008698198
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 …
Persistent link: https://www.econbiz.de/10003943049
capitalism, which has triggered or at least has contributed to the emergence of a type of capitalism dominated by finance …
Persistent link: https://www.econbiz.de/10010242863
Marxian tradition are reviewed which consider financialization as the latest stage of capitalism. They highlight the … as financialization. Authors working in the heterodox tradition have raised the question whether the changing role of … finance manifests a new era in the history of capitalism. The present article first provides some general discussion on the …
Persistent link: https://www.econbiz.de/10011459373
manager capitalism". Minsky's analysis correctly links postwar developments with the prewar "finance capitalism" analyzed by … Crisis ; Minsky Moment ; Finance Capitalism ; Money Manager Capitalism ; Debt Deflation ; Can It Happen Again? …
Persistent link: https://www.econbiz.de/10008933495