IDEAS home Printed from https://ideas.repec.org/h/pal/pshchp/978-1-137-33560-9_13.html
   My bibliography  Save this book chapter

Financial Fragility and the Kalecki Principle under Expanded Reproduction

In: The Legacy of Rosa Luxemburg, Oskar Lange and Michał Kalecki

Author

Listed:
  • Andrew B. Trigg

    (Open University)

Abstract

Since the outbreak of the 2008 financial crisis that has beset the world economy, the economic establishment has belatedly turned its attention to the prophetic warnings of Hyman Minsky. Numerous contributors to the Financial Times, for example, have in recent years championed the ‘long forgotten, and recently rediscovered, financial instability hypothesis’ (Münchau, 2008). As critically appraised by Keen (2011), mainstream economists, such as the Nobel prize winner Paul Krugman, have also started to recognise the insights provided by Minsky’s claim that capitalism has an in-built tendency to create unsustainable volumes of debt.

Suggested Citation

  • Andrew B. Trigg, 2014. "Financial Fragility and the Kalecki Principle under Expanded Reproduction," Palgrave Studies in the History of Economic Thought, in: Riccardo Bellofiore & Ewa Karwowski & Jan Toporowski (ed.), The Legacy of Rosa Luxemburg, Oskar Lange and Michał Kalecki, chapter 12, pages 205-214, Palgrave Macmillan.
    • Handle: RePEc:pal:pshchp:978-1-137-33560-9_13
    DOI: 10.1057/9781137335609_13
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:pshchp:978-1-137-33560-9_13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.