analysis of the conception of business cycles developed by Minsky in his earliest work at the end of the 1950s. …

This paper intends to contribute to the contemporary discussions about Minsky's economics by reviewing how the key … ideas of Minsky have been formalised in the heterodox literature over the last three decades or so. First, a distinction is …. Second, the key lessons learned from modelling Minsky are outlined. Finally, the paper calls for more empirically driven …

budget deficits and fiscal variables. This paper presents the opposite view of Hyman P. Minsky. Rejecting the orthodox … assumptions of unbounded individual and collective rationality, Minsky places uncertainty and financial instability at the centre … of speculative booms to the gloomy winters of financial crises, debt deflations and deep depressions. Even if Minsky is …

According to this work, the ‘financial instability hypothesis’ is not an interpretation of The General Theory as Minsky … (1975, 1986) thought. Keynes and Minsky undoubtedly have much in common. Specifically, both of them recognize the limits of … individual and collective rationality. Minsky, however, introduced an upward instability that seems totally foreign to The …

The paper attempts to verify Richard Goodwin's (1967) endogenous business cycle theory which states that the driving …

gives a partial update on advances in Kalecki-Minsky modelling. First, theoretically, it discusses the notion of pseudo-Goodwin …