Can It Happen Again?

Essays on Instability and Finance

Business & Finance, Economics, Economic History
Cover of the book Can It Happen Again? by Hyman Minsky, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Hyman Minsky ISBN: 9781317232490
Publisher: Taylor and Francis Publication: April 14, 2016
Imprint: Routledge Language: English
Author: Hyman Minsky
ISBN: 9781317232490
Publisher: Taylor and Francis
Publication: April 14, 2016
Imprint: Routledge
Language: English

In the winter of 1933, the American financial and economic system collapsed. Since then economists, policy makers and financial analysts throughout the world have been haunted by the question of whether "It" can happen again. In 2008 "It" very nearly happened again as banks and mortgage lenders in the USA and beyond collapsed. The disaster sent economists, bankers and policy makers back to the ideas of Hyman Minsky – whose celebrated 'Financial Instability Hypothesis' is widely regarded as predicting the crash of 2008 – and led Wall Street and beyond as to dub it as the 'Minsky Moment'.

In this book Minsky presents some of his most important economic theories. He defines "It", determines whether or not "It" can happen again, and attempts to understand why, at the time of writing in the early 1980s, "It" had not happened again. He deals with microeconomic theory, the evolution of monetary institutions, and Federal Reserve policy. Minsky argues that any economic theory which separates what economists call the 'real' economy from the financial system is bound to fail. Whilst the processes that cause financial instability are an inescapable part of the capitalist economy, Minsky also argues that financial instability need not lead to a great depression.

This Routledge Classics edition includes a new foreword by Jan Toporowski.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

In the winter of 1933, the American financial and economic system collapsed. Since then economists, policy makers and financial analysts throughout the world have been haunted by the question of whether "It" can happen again. In 2008 "It" very nearly happened again as banks and mortgage lenders in the USA and beyond collapsed. The disaster sent economists, bankers and policy makers back to the ideas of Hyman Minsky – whose celebrated 'Financial Instability Hypothesis' is widely regarded as predicting the crash of 2008 – and led Wall Street and beyond as to dub it as the 'Minsky Moment'.

In this book Minsky presents some of his most important economic theories. He defines "It", determines whether or not "It" can happen again, and attempts to understand why, at the time of writing in the early 1980s, "It" had not happened again. He deals with microeconomic theory, the evolution of monetary institutions, and Federal Reserve policy. Minsky argues that any economic theory which separates what economists call the 'real' economy from the financial system is bound to fail. Whilst the processes that cause financial instability are an inescapable part of the capitalist economy, Minsky also argues that financial instability need not lead to a great depression.

This Routledge Classics edition includes a new foreword by Jan Toporowski.

More books from Taylor and Francis

Cover of the book Gender, Genre, and Victorian Historical Writing by Hyman Minsky
Cover of the book Musical Imagery by Hyman Minsky
Cover of the book Permanently Online, Permanently Connected by Hyman Minsky
Cover of the book Narrative Learning by Hyman Minsky
Cover of the book Zengi and the Muslim Response to the Crusades by Hyman Minsky
Cover of the book The Pina Bausch Sourcebook by Hyman Minsky
Cover of the book Helping Children to be Strong by Hyman Minsky
Cover of the book Music, Power, and Politics by Hyman Minsky
Cover of the book Reproductive Genetics, Gender and the Body by Hyman Minsky
Cover of the book Art, EcoJustice, and Education by Hyman Minsky
Cover of the book Practical Work in School Science by Hyman Minsky
Cover of the book Studying Hinduism by Hyman Minsky
Cover of the book Heritage Language Education by Hyman Minsky
Cover of the book Victorian Revolutionaries by Hyman Minsky
Cover of the book Social Limits to Economic Theory by Hyman Minsky
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy