Why Minsky Matters: An Introduction to the Work of a Maverick Economist
| Author | : | |
| Rating | : | 4.60 (992 Votes) |
| Asin | : | 0691159122 |
| Format Type | : | paperback |
| Number of Pages | : | 288 Pages |
| Publish Date | : | 2016-03-12 |
| Language | : | English |
DESCRIPTION:
In a thoroughly engaging, elucidating way, the author summarizes macroeconomic theories from Adam Smith to Keynes and the present."--Choice. If you want to know where we are going, it helps to know where we have come from, and Why Minsky Matters provides an essential road map for that journey--past, present, and future."--Financial Analysts Journal"A highly readable overview of the contributions of Hyman Minsky, and justifies the title as to how Minsky matters."--Malcolm Sawyer, Journal of Economic Literature"One might think this book is a biography of the economist Hyman Minsky, but it is much more than that. "An access
Perhaps no economist was more vindicated by the global financial crisis than Hyman P. L. Although a handful of economists raised alarms as early as 2000, Minsky's warnings began a half-century earlier, with writings that set out a compelling theory of financial instability. Randall Wray shows that by understanding Minsky we will not only see the next crisis coming but we might be able to act quickly enough to prevent it.As Wray explains, Minsky's most important idea is that "stability is destabilizing": to the degree that the economy achieves what looks to be robust and stable growth, it is setting up the conditions in which a crash becomes ever more likely. Minsky (1919-96). Why Minsky Matters makes the maverick economist's critically valuable insights accessible to general readers for the first time. Before the financial crisis, mainstream economists pointed to much evidence that the economy was more stable, but their predictions were completely wrong because they disregarded Minsky's insight. Wray also introduces Minsky's significant work on money and banking, poverty and unemployment, and the evolution of capitalism, as well as his proposals for reforming the financial system and promoting economic stability.A much-needed introduction to an economist whose ideas are more relevant than ever,
Anne e Nonomous said Excellent Introduction to Minsky. I've already read a number of Minsky's own writings, but I purchased this book anyway because I'd like to introduce my son, a college freshman Econ major, to Minsky.Wray has written a clear and concise summary of Minsky's work. This is a perfect introduction to some of the most important economic thought ever. Minsky can explain the business cycle - unlike t. "A wonderful introduction to the Minsky contail of ideas!" according to Amazon Customer. What a wonderful introduction to the ideas of Hyman Minsky, ideas that always were ahead of the headlines. Minsky wrote against the grain, and therefore was controversial. He wrote in almost a mystical manner; hence, so much the need for a translator. Randall Wray has done a marvelous job of removing the mystery from Minsky's works. I recommend this book for. David B. Weinstein said Economic pluralism would be a good start. Neoliberalism is more religion than fact. I liked this book more than Primer on Modern Monetarism. The book is difficult to read because anyone who had lived through a layoff or difficult time can attest is irrational. Understanding the narrative results indignation that we can do better. The author proves Hyman Minsky was correct through the looking lens and even leaves the possibility that the eco
He is the author of many books, including Modern Money Theory and Understanding Modern Money. Randall Wray is professor of economics at the University of Missouri, Kansas City, and senior scholar at the Levy Economics Institute of Bard College. He was a student and colleague of Hyman Minsky. L.