Hyman P. Minsky, Ph.D., was the first to explain how uncertainty, risk, and financial markets drive the economy. He was a distinguished scholar at The Levy Economics Institute of Bard college, and taught at Washington University for 25 years.
With less inequality investment will play a smaller role in aggregate demand.
Dr. Hyman Minsky has written a very interesting, pertinent, and generally very readable interpretation and exposition of the economics of John Maynard Keynes.
Nevertheless, Minsky is the most important expositor of the "Financial Instability Hypothesis" and this book is a great place to begin.
The typesetting and paper were a bit cheap. And Minsky is not always the clearest writer (he could have benefitted from reading Rudolf Fleisch). But these are important insights. Read morePublished 4 months ago by Moral Hazard
In this text Minsky analyzes why the Neo-classical synthesis should be rejected and does not represent a outgrowth of Keynes' work in "The General Theory of Employment, Interest,... Read morePublished 14 months ago by Gregory Alan Wingo
This book presents a convincing case that important aspects of Keynes' thinking has been neglected or omitted from the neoclassical synthesis. Read morePublished 18 months ago by Rob Julian
This is the kind of book that everyone should read. Especially in this time of economic upheaval. There is a lot of useful information here.Published on March 25, 2012 by Dorothy M. Dupont
Dr. Hyman Minsky has written a very interesting, pertinent, and generally very readable interpretation and exposition of the economics of John Maynard Keynes. Dr. Read morePublished on March 13, 2011 by Crosslands
I am not trained in economics, but I have been trying to educate myself. I read Mr Keynes 1935 book, The General Theory...and didn't understand much of it. Read morePublished on November 19, 2010 by Timmo
The author makes a statement that conventional intepretation of Keynes's ideas loses the true meaning and spirit of the real theory of JMK. Read morePublished on April 22, 2010 by Denis Anoshin
"But if capitalism is to be controlled so that the basic triad of efficiency, justice, and liberty is achieved, then the design of the controls will have to be enlightened by an... Read morePublished on September 17, 2009 by Rufus Burgess