Minsky, Hyman P.
Stablizing an Unstable Economy
- ISBN 13:
- 9780071592994
- author:
- Minsky, Hyman P.
- format:
- HardBack
- publisher:
- McGraw-Hill Professional
- language:
- English
- Publication Year:
- 2008
- Pages:
- 350
- Dimensions:
- 16.26 x 3.3 x 23.62 centimetres
- Genre:
- Business & Management
- Condition:
- New
- Availability:
- Item usually sent within 4 working days
Description
Stabilizing an Unstable Economy by Hyman Minsky
This seminal work presents Minsky's groundbreaking financial theory of investment, which is startlingly relevant today. Minsky explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns, and how these phenomena are connected to a credit crisis that he foresaw.
The book covers key topics including the natural inclination of complex economies towards instability, the effects of high-risk lending practices, and the role of government in bolstering consumption during times of high unemployment. A new preface by Henry Kaufman provides context for Minsky's ideas in today's financial markets and institutions.
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