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Minsky's View of Capitalism and Banking in America

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  • L. Randall Wray

Abstract

Before we can reform the financial system, we need to understand what banks do—or, better yet, what banks should do. Senior Scholar L. Randall Wray examines Hyman Minsky’s views on banking and the proper role of the financial system—not simply to finance investment in physical capital but to promote the "capital development" of the economy as a whole and the improvement of living standards, broadly defined.

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  • L. Randall Wray, 2010. "Minsky's View of Capitalism and Banking in America," Economics One-Pager Archive op_6, Levy Economics Institute.
  • Handle: RePEc:lev:levyop:op_6
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