Home » Business & Finance » Hyman Minsky » Stabilizing an Unstable Economy

August 23 , 2007

Stabilizing an Unstable Economy


“Mr. Minsky long argued markets were crisis prone. His 'moment' has arrived.” -The Wall Street Journal

Download torrent

Read also

Beneath the Glitter

From internet stars Elle and Blair Fowler comes a scintillating new novel that takes readers Beneath the Glitter of the glitzy L.A. social scene. Welcome to a place where dreams are made. And where nothing—and no one—is ever what it seems. After their make-up and fashion videos went viral on YouTube, sisters Sophia and Ava London are…

In his seminal work, Minsky presents 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. Stabilizing an Unstable Economy covers:

  • The natural inclination of complex, capitalist economies toward instability
  • Booms and busts as unavoidable results of high-risk lending practices
  • “Speculative finance” and its effect on investment and asset prices
  • Government's role in bolstering consumption during times of high unemployment
  • The need to increase Federal Reserve oversight of banks

Henry Kaufman, president, Henry Kaufman & Company, Inc., places Minsky's prescient ideas in the context of today's financial markets and institutions in a fascinating new preface. Two of Minsky's colleagues, Dimitri B. Papadimitriou, Ph.D. and president, The Levy Economics Institute of Bard College, and L. Randall Wray, Ph.D. and a senior scholar at the Institute, also weigh in on Minsky's present relevance in today's economic scene in a new introduction.

A surge of interest in and respect for Hyman Minsky's ideas pervades Wall Street, as top economic thinkers and financial writers have started using the phrase “Minsky moment” to describe America's turbulent economy. There has never been a more appropriate time to read this classic of economic theory.

Show more...

How to download book

Buy this book

You can buy this book now only for $35.99. This is the lowest price for this book.

Buy book

Download book free

If you want to download this book for free, please register, approve your account and get one book for free.


After that you may download book «Stabilizing an Unstable Economy»:

Download Mobi:

Download MobiPocket: