Can "It" happen again? : essays on instability and finance / Hyman Minsky ; with a new foreword by Jan Toporowski.

By:

Minsky, Hyman

Material type: Text

TextSeries: Routledge classicsPublication details: London: Routledge, 2016.Description: xxxii, 311 p. : ill. ; 24 cmISBN:

9781138641952 (pbk. : alk. paper)

Subject(s):

DDC classification:

338.542 MIN 22

LOC classification:

HG181 .M555 2016

Summary: 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.

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Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Book	Calcutta	338.542 MIN (Browse shelf(Opens below))	Available		IIMC-0146753

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Previous	338.542 MAN Long waves of capitalist development :	338.542 MAT Technological and social factors in long term fluctuations /	338.542 MEN Stalemate in technology :	338.542 MIN Can "It" happen again? :	338.542 MIT Business cycles :	338.542 MOO Indicators of business expansions and contractions /	338.542 MOR International financial transactions and business cycles /	Next

"First published 1982 by M.E. Sharpe."

Includes bibliographical references and index.

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.

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