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Minskian Financial Instability Hypothesis and Its Post Keynesian Roots: A Theoretical Approach

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  • Ömer Tuğsal DORUK
  • Yusuf Can ŞAHİNTÜRK

Abstract

Minsky’s financial instability hypothesis (FIH) has the main assumptions of the Post Keynesian macroeconomics. The main assumptions of the FIH and its Post Keynesian roots are discussed in this paper in a detailed way. Thus, it is seen that FIH is a business cycle analysis within Post Keynesian framework, the theoretical underpinnings of the Post Keynesian macroeconomic analysis are put in the forefront for understanding business cycles in Minsky’s analysis.

Suggested Citation

  • Ömer Tuğsal DORUK & Yusuf Can ŞAHİNTÜRK, 2019. "Minskian Financial Instability Hypothesis and Its Post Keynesian Roots: A Theoretical Approach," Sosyoekonomi Journal, Sosyoekonomi Society.
    • Handle: RePEc:sos:sosjrn:190206
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    References listed on IDEAS

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    More about this item

    Keywords

    Financial Instability Hypothesis; Post Keynesian Economics; Business Cycles.Issue:27(40);
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory

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