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Innovation and Equilibrium?

Author

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  • Martin Shubik

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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Martin Shubik, 2009. "Innovation and Equilibrium?," Levine's Working Paper Archive 814577000000000151, David K. Levine.
    • Handle: RePEc:cla:levarc:814577000000000151
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    File URL: http://www.dklevine.com/archive/refs4814577000000000151.pdf
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    Cited by:

    1. is not listed on IDEAS
    2. Weifang Lou & David Prentice & Xiangkang Yin, 2008. "The Effects of Product Ageing on Demand: The Case of Digital Cameras," Working Papers 2008.06, School of Economics, La Trobe University.

    More about this item

    JEL classification:

    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • G2 - Financial Economics - - Financial Institutions and Services
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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