Ebook: Stabilizing an Unstable Economy

Author: Minsky Hyman P

Tags: Economic stabilization, Economic stabilization--United States, Keynesian economics, Economic stabilization -- United States, United States
Year: 2011
Publisher: McGraw-Hill Education
City: United States
Edition: 2nd ed.
Language: English
epub

07.02.2024

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

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