No economist has written more incisively and provocatively on financial crisis than Hyman Minsky. Minsky is best known for his claim that «stability is destabilizing» – that the seeds of the bust are sown in the boom. This financial instability hypothesis received renewed attention – and substantial confirmation – in the global financial crisis of 2008. Minsky's insights are not limited to moments of crisis; they grow out of a comprehensive and critical theory of financial capitalism....
No economist has written more incisively and provocatively on financial crisis than Hyman Minsky. Minsky is best known for his claim that «stability is destabilizing» – that the seeds of the bust are sown in the boom. This financial instability hypothesis received renewed attention – and substantial confirmation – in the global financial crisis of 2008. Minsky's insights are not limited to moments of crisis; they grow out of a comprehensive and critical theory of financial capitalism....
