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 Young Migrant Identities by Hyman Minsky
Cover of the book Self-Efficacy by Hyman Minsky
Cover of the book Truth by Hyman Minsky
Cover of the book Understanding Employer Engagement in Education by Hyman Minsky
Cover of the book Hip-Hop Turntablism, Creativity and Collaboration by Hyman Minsky
Cover of the book Jap Foreign Pol 1869-1942 V11 by Hyman Minsky
Cover of the book Perspectives on Ethical Leadership by Hyman Minsky
Cover of the book Traductio by Hyman Minsky
Cover of the book Making Sense of Messages by Hyman Minsky
Cover of the book Child's Construction of Quantities by Hyman Minsky
Cover of the book Social Psychology and the Unconscious by Hyman Minsky
Cover of the book Theories of Rights by Hyman Minsky
Cover of the book Pragmatic Justifications for the Sustainable City by Hyman Minsky
Cover of the book The French Revolution and Napoleon by Hyman Minsky
Cover of the book The Queening of America 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