Showing 1 - 10 of 734
Persistent link: https://www.econbiz.de/10012053728
The outstanding economist Hyman Minsky was always skeptical of Lyndon Johnson's war on poverty. It assumed, he wrote, that economic growth itself would be adequate to eliminate poverty. But Minsky believed that there were structural problems that always left too many people without jobs or with...
Persistent link: https://www.econbiz.de/10005752250
Persistent link: https://www.econbiz.de/10003755607
Persistent link: https://www.econbiz.de/10003765289
Persistent link: https://www.econbiz.de/10003779783
Persistent link: https://www.econbiz.de/10003355344
Persistent link: https://www.econbiz.de/10003808882
In this new Public Policy Brief, Senior Scholar L. Randall Wray explains today's complex and fragile financial system, and how the seeds of crisis were sown by lax oversight, deregulation, and risky innovations such as securitization. He estimates that the combined losses throughout the entire...
Persistent link: https://www.econbiz.de/10003811604
Money manager capitalism - characterized by highly leveraged funds seeking maximum returns in an environment that systematically underprices risk - has resulted in a series of boom-and-bust cycles in equities, real estate, and commodities. Because subsequent cycles have been increasingly...
Persistent link: https://www.econbiz.de/10003811613
In the current global financial crisis, economists and policymakers have reembraced Big Government as a means of preventing the reoccurrence of a debt-deflation depression. The danger, however, is that policy may not downsize finance and replace money manager capitalism. According to Senior...
Persistent link: https://www.econbiz.de/10003811623