Hyman Minsky reviews news and information

Paul Krugman: Six Doctrines In Search Of A Policy Regime

Wednesday 28th of July 2010 02:44:08 PM
Posted by admin / Under Hyman Minsky

"Last week I gave a talk at the Levy Institute’s 19th annual Hyman P. Minsky Conference, held at the Ford Foundation. The occasion forced me to clarify my thoughts about financial reform; so here’s a version of what I said."

Radical Rationality

Wednesday 28th of July 2010 02:44:08 PM
Posted by admin / Under Hyman Minsky

This Article goes to the heart of the fight between the "saltwater" and "freshwater" economic schools and indicates why others, not wholely in any "school." The debate also involves, at its core, the debate about the position of the theories of Hyman Minsky, who captured the real problem with the mathematization of economic theory.

Why capitalism fails -- Hyman Minsky

Wednesday 28th of July 2010 02:44:08 PM
Posted by admin / Under Hyman Minsky

Modern finance, Hyman Minsky argued, was far from the stabilizing force that mainstream economics portrayed: rather, it was a system that created the illusion of stability while simultaneously creating the conditions for an inevitable and dramatic collapse.

Is The Trend Our Friend?

Wednesday 28th of July 2010 02:44:08 PM
Posted by admin / Under Hyman Minsky

Stability, though, as we were taught by Hyman Minsky, leads to instability. The more stable things become and the longer things are stable, the more unstable they will be when the crisis hits, because we human beings learned to trade and invest by dodging lions and chasing antelopes on the African savannah. We now chase momentum and dodge bear..

"Revulsion" - final stage of the bubble?

Wednesday 28th of July 2010 02:44:08 PM
Posted by admin / Under Hyman Minsky

This, then, is “revulsion” – the final stage of a bubble when, as the late Hyman Minsky argued, investors are so scarred that they can no longer bring themselves to participate in the market... the gross liabilities of the US financial sector have soared from just 21 per cent of gross domestic product in 1980 to 116 per cent in 2007.

The Minsky Moment: Comment: The New Yorker

Wednesday 28th of July 2010 02:44:08 PM
Posted by admin / Under Hyman Minsky

A prescient article about the economy relying on the economics of Hyman Minsky, who clearly predicted the present crisis.

Pyramid Schemes and the Fed - The Federal Reserve reported that as of June 30, 2009 downright U.S. obligation was $52.8 trillion. Total U.S. obligation includes government, corporate and consumer debt. Importantly, however, it d...