Stabilizing an Unstable Economy

E764590

"Stabilizing an Unstable Economy" is a seminal 1986 book by economist Hyman Minsky that develops his financial instability hypothesis, explaining how financial markets and debt dynamics can endogenously generate economic crises and proposing reforms to make capitalism more resilient.

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Stabilizing an Unstable Economy canonical 1

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Statements (48)

Predicate Object
instanceOf book ⓘ
economics book ⓘ
aimsTo explain causes of financial crises ⓘ
provide framework for macroprudential policy ⓘ
argues financial fragility is inherent in capitalism ⓘ
periods of stability encourage riskier financial structures ⓘ
stability is destabilizing in financial markets ⓘ
associatedWith Minskian economics ⓘ
post-Keynesian economics ⓘ
author Hyman Minsky ⓘ
critiques efficient markets hypothesis ⓘ
neoclassical equilibrium models ⓘ
describes Ponzi finance ⓘ
credit cycles ⓘ
endogenous financial instability ⓘ
hedge finance ⓘ
speculative bubbles ⓘ
speculative finance ⓘ
emphasizes importance of balance sheets ⓘ
interaction of real and financial sectors ⓘ
role of banks in credit creation ⓘ
genre economic theory ⓘ
hasImpactOn financial regulation discourse ⓘ
macroeconomic policy debates ⓘ
theory of financial instability ⓘ
influencedBy John Maynard Keynes ⓘ
The General Theory of Employment, Interest and Money ⓘ
isDescribedAs foundational text in post-Keynesian finance ⓘ
seminal work on financial instability ⓘ
language English ⓘ
mainTopic business cycles ⓘ
capitalist economy ⓘ
debt dynamics ⓘ
economic policy ⓘ
financial crises ⓘ
financial instability hypothesis ⓘ
financial markets ⓘ
macroeconomics ⓘ
monetary economics ⓘ
proposes central bank as lender of last resort ⓘ
countercyclical fiscal policy ⓘ
financial regulation reforms ⓘ
policies to stabilize capitalism ⓘ
strengthening automatic stabilizers ⓘ
publicationYear 1986 ⓘ
regards investment and financing decisions as key to cycles ⓘ
supports active government intervention in the economy ⓘ
regulation of financial innovation ⓘ

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Full triples — surface form annotated when it differs from this entity's canonical label.

Hyman Minsky → notableWork → Stabilizing an Unstable Economy ⓘ