Wray, L. Randall (contributor); Tymoigne, Éric (contributor) - 2008
In this paper we present a theory of the financing of investment in a modern capitalist economy, following the approach … hypothesisʺ that relegates money and finance to the sidelines. Minsky vehemently denied the relevance of such a theory, at least … used to finance positions in assets is of critical importance, both for theory and for real-world outcomes. In the first …