Stabilizing an Unstable Economy, Part 3 - Economic Theory

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By

Hyman Minsky

Date

April 14, 2008

Format

Electronic book text, pages

ISBN

007171636X / 9780071716369


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Overview


Main description

This chapter comes from Stabilizing an Unstable Economy, the seminal work by Hyman Minsky. It reveals his groundbreaking financial theory of investment, one that is startlingly relevant today. He explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns--and why the economy is now undergoing a credit crisis that he foresaw.




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