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Kapitalizmin Krizlerini Minsky’nin Finansal İstikrarsızlık Hipotezi Çerçevesinde Anlamak

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  • Gülenay Baş Dinar

    (Abant İzzet Baysal Üniversitesi, İİBF, İktisat Bölümü)

Abstract

The aim of this study is to discuss the limitations of the financial instability hypothesis of Minsky, besides its superior perspective in explaining the crises of capitalism than the mainstream economic theory. Therefore, this study consists of three parts. In the first part, Minsky's criticism of mainstream economic theory will be examined and in the second part Minsky's hypothesis of financial instability will be presented and the study will be end with a discussion of whether Minsky's business cycle theory is sufficient to explain the crises of modern capitalism today.

Suggested Citation

  • Gülenay Baş Dinar, 2018. "Kapitalizmin Krizlerini Minsky’nin Finansal İstikrarsızlık Hipotezi Çerçevesinde Anlamak," Yildiz Social Science Review, Yildiz Technical University, vol. 4(2), pages 167-186.
    • Handle: RePEc:aye:journl:v:4:y:2018:i:2:p:167-186
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    References listed on IDEAS

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    More about this item

    Keywords

    Financial Instability Hypothesis; Hyman Minsky; CapitalismJournal: Yildiz Social Science Review;
    All these keywords.

    JEL classification:

    • F00 - International Economics - - General - - - General
    • F30 - International Economics - - International Finance - - - General
    • G00 - Financial Economics - - General - - - General
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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