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Minsky, Financial Structure and Economic Development

In: Minsky, Crisis and Development

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  • Victoria Chick

Abstract

Hyman Minsky wrote very little on developing and emerging market economies. His theorising arose from his experience of the American economy from the 1950s until his death in 1996. A central question for us is how far his insights can be adapted to transitional and developing economies. We outline Minsky’s theory of the role of finance in the functioning of the wider economy, against the background of the earlier theory of Keynes, his primary inspiration, and then address this central question.

Suggested Citation

  • Victoria Chick, 2010. "Minsky, Financial Structure and Economic Development," Palgrave Macmillan Books, in: Daniela Tavasci & Jan Toporowski (ed.), Minsky, Crisis and Development, chapter 8, pages 145-154, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-29232-1_9
    DOI: 10.1057/9780230292321_9
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