This study analyzes the trends in the financial sector over the past 30 years, and argues that unsupervised financial innovations and lenient government regulation are at the root of the current financial crisis and recession. Combined with a long period of economic expansion during which...

This four-part study is a critical analysis of several reports dealing with the reform of the financial system in the United States. The study uses Minsky’s framework of analysis and focuses on the implications of Ponzi finance for regulatory and supervisory policies. The main conclusion of...

This set of books is a collection of significant contributions to the theory of rent-seeking, from its very beginning to the present. Reserachers working in this field will find it useful to have these texts as a reference manual. The extensive introductions survey the field and guide the reader...