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Minsky and Economic Policy: ‘Keynesianism’ All Over Again?

In: The Elgar Companion to Hyman Minsky

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  • Éric Tymoigne

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

  • Éric Tymoigne, 2010. "Minsky and Economic Policy: ‘Keynesianism’ All Over Again?," Chapters, in: Dimitri B. Papadimitriou & L. Randall Wray (ed.), The Elgar Companion to Hyman Minsky, chapter 3, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13122_3
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    References listed on IDEAS

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    1. Mark Gertler, 1988. "Financial structure and aggregate economic activity: an overview," Proceedings, Federal Reserve Bank of Cleveland, pages 559-596.
    2. Hyman Minsky, 1993. "On the non-neutrality of money," Quarterly Review, Federal Reserve Bank of New York, vol. 18(Spr), pages 77-82.
    3. Pavlina R. Tcherneva & L. Randall Wray, 2007. "Public Employment and Women: The Impact of Argentina’s Jefes Program on Female Heads of Poor Households," Economics Working Paper Archive wp_519, Levy Economics Institute.
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    5. Barber,William J., 2006. "Designs within Disorder," Cambridge Books, Cambridge University Press, number 9780521034319, September.
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    7. Pavlina R. Tcherneva, 2008. "Keynes's Approach to Full Employment: Aggregate or Targeted Demand?," Economics Working Paper Archive wp_542, Levy Economics Institute.
    8. Fisher, Irving, 2003. "Are Booms and Depressions Transmitted Internationally through Monetary Standards?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 35(1), pages 60-90, February.
    9. Barro, Robert J & Gordon, David B, 1983. "A Positive Theory of Monetary Policy in a Natural Rate Model," Journal of Political Economy, University of Chicago Press, vol. 91(4), pages 589-610, August.
    10. R. Glenn Hubbard, 1991. "Financial Markets and Financial Crises," NBER Books, National Bureau of Economic Research, Inc, number glen91-1.
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    14. Kydland, Finn E & Prescott, Edward C, 1977. "Rules Rather Than Discretion: The Inconsistency of Optimal Plans," Journal of Political Economy, University of Chicago Press, vol. 85(3), pages 473-491, June.
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    Cited by:

    1. Leszek Kąsek & Marek Lubiński, 2010. "Hyman Minsky – wczoraj i dziś," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 4(1), March.

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