Stabilizing an Unstable Economy, Part 1 by Hyman Minsky

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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.


About Hyman Minsky

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Hyman P. Minsky, Ph.D., was an American economist who studied under Joseph Schumpeter and Wassily Leontief. He taught economics at Washington University, University of California, Berkeley, Brown University, and Harvard University. Minsky joined the Jerome Levy Economics Institute of Bard College as a distinguished scholar in 1990, where he continued his research and writing until a few months before his death in October, 1996. His two seminal books were "Stabilizing an Unstable Economy" and "John Maynard Keynes".
Published April 14, 2008 by McGraw-Hill. 14 pages
Genres: Business & Economics. Non-fiction

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