Overview

This collection of papers on financial instability and its impact on macroeconomic performance honours Hyman P. Minsky and his lifelong work. It is based on a conference at Washington University, St. Louis, in 1990 and includes among the authors Benjamin M. Friedman, Charles P. Kindleberger, Jan Kregel and Steven Fazzari. These papers consider Minsky's definitive analysis that yields such a clear and disturbing sequence of financial events: booms, government intervention to prevent debt contraction and new booms that cause a progressive buildup of new debt, eventually leaving the economy much more fragile financially.

Full Product Details

Author:   Steven M. Fazzari ,  Dimitri B. Papadimitriou
Publisher:   Taylor & Francis Inc
Imprint:   Routledge
Dimensions:   Width: 15.60cm , Height: 1.70cm , Length: 23.40cm
Weight:   0.308kg
ISBN:  

9781563240171

ISBN 10:   1563240173
Pages:   210
Publication Date:   05 July 2021
Audience:   College/higher education ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

part Financial Conditions and Macroeconomic Performance; chapterONE Introduction: Conversations with Hyman Minsky, Steven Fazzari; chapterTWO Minsky on Himself, Dimitri B. Papadimitriou; chapterTHREE Hyman Minsky as Hedgehog: The Power of the Wall Street Paradigm, Gary Dymski, Robert Pollin; chapterFOUR Risks in Our High-Debt Economy: Depression or Inflation?, Benjamin M. Friedman; chapterFIVE Intermediation, Disintermediation, and Direct Trading, Charles P. Kindleberger; chapterSIX Minsky's 'œTwo Price' Theory of Financial Instability and Monetary Policy: Discounting versus Open Market Intervention, Jan A. Kregel; chapterSEVEN From Business Cycles to the Economics of Instability, Piero Ferri; chapterEIGHT Keynesian Theories of Investment and Finance: Neo, Post, and New, Steven Fazzari; chapterNINE Imperfect Information, Corporate Finance, Debt Commitments, and Business Fluctuations, Domenico Delli Gatti, Mauro Gallegati; chapterTEN Minsky's Financial Instability Hypothesis and the Endogeneity of Money, L. Randall Wray;

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Fazzari, Steven M.; Papadimitriou, Dimitri B.

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