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What Would Minsky Have Thought of the Mortgage Crisis?

In: The Elgar Companion to Hyman Minsky

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  • Jan Kregel

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

  • Jan Kregel, 2010. "What Would Minsky Have Thought of the Mortgage Crisis?," Chapters, in: Dimitri B. Papadimitriou & L. Randall Wray (ed.), The Elgar Companion to Hyman Minsky, chapter 2, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13122_2
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    Keywords

    Economics and Finance;

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