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Introduction: Minsky on Money, Banking and Finance

In: The Elgar Companion to Hyman Minsky

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  • Dimitri B. Papadimitriou
  • L. Randall Wray

Abstract

This Companion provides a timely and engaging treatment of Hyman Minsky’s approach to economics, which is enjoying a renewed appreciation because of its prescient analysis of the slow but sure transformation of the capitalist economy in the post-war period. Many have called the global financial crisis that began in the United States in 2007 a ‘Minsky crisis’, and these original contributions demonstrate precisely why both academic economists as well as policymakers have turned to Minsky for guidance. The book brings together the foremost Minsky scholars to provide a comprehensive overview of his approach, with extensions to bring the analysis up to date.

Suggested Citation

  • Dimitri B. Papadimitriou & L. Randall Wray, 2010. "Introduction: Minsky on Money, Banking and Finance," Chapters, in: Dimitri B. Papadimitriou & L. Randall Wray (ed.), The Elgar Companion to Hyman Minsky, chapter 1, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13122_1
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    References listed on IDEAS

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    1. Stephanie Bell, 1998. "Can Taxes and Bonds Finance Government Spending?," Economics Working Paper Archive wp_244, Levy Economics Institute.
    2. Hyman P. Minsky, 1996. "Uncertainty and the Institutional Structure of Capitalist Economies," Journal of Economic Issues, Taylor & Francis Journals, vol. 30(2), pages 357-368, June.
    3. L. Randall Wray, 2005. "The Ownership Society: Social Security Is Only the Beginning," Economics Public Policy Brief Archive ppb_82, Levy Economics Institute.
    4. Hyman P. Minsky, 1957. "Central Banking and Money Market Changes," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 71(2), pages 171-187.
    5. Ronnie Phillips, 1992. "The 'Chicago Plan' and New Deal Banking Reform," Economics Working Paper Archive wp_76, Levy Economics Institute.
    6. L. Wray, 2008. "Lessons from the Subprime Meltdown," Challenge, Taylor & Francis Journals, vol. 51(2), pages 40-68.
    7. Dimitri B. Papadimitriou, 1992. "Profits, Deficits and Instability," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-11786-4.
    8. Riccardo Bellofiore, 1985. "Money and Development in Schumpeter," Review of Radical Political Economics, Union for Radical Political Economics, vol. 17(1-2), pages 21-40, March.
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    Cited by:

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    2. Giorgos Argitis, 2013. "Veblenian and Minskian financial markets," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(1), pages 28-43.

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