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The psychology of financial markets: Keynes, Minsky and emotional finance

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  • Sheila Dow

    (SCEME, University of Stirling)

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.
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Suggested Citation

  • Sheila Dow, 2008. "The psychology of financial markets: Keynes, Minsky and emotional finance," SCEME Working Papers: Advances in Economic Methodology 022/2008, SCEME.
    • Handle: RePEc:sti:wpaper:022/2008
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    File URL: http://www.sceme.org.uk/wps/SCEME022_Dow_2008.pdf
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    References listed on IDEAS

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    Cited by:

    1. Pedersen, Michael, 2019. "Anomalies in macroeconomic prediction errors–evidence from Chilean private forecasters," International Journal of Forecasting, Elsevier, vol. 35(3), pages 1100-1107.

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    More about this item

    Keywords

    uncertainty; Keynes; Minsky; emotional finance;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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