As the recent financial crisis unfolded into a worldwide recession, the ideas of Hyman Minsky were re-discovered. Minsky, along with Keynes, belongs in the pantheon of seminal thinkers, owing to his major contribution to the understanding of the economy and its evolution.
This collection of essays adapts and develops Minsky's innovative insights, while keeping the originality of his methodology and vision. Providing vital interpretations of the present crisis, this volume shows that it is time to take a step forward in our understanding of Minsky, his visions of a capitalist economy with developed financial institutions, and the real possibilities of the Financial Instability Hypothesis.
This book is essential reading for all interested in development economics, the history of economic thought, and the global economic crisis
Introduction; D.Tavasci & J.Toporowski
Minsky Moments, Russell Chickens, and Grey Swans; A.Vercelli
The Transformation of the Financial System; Y.Nersisyan & L.Randall Wray
Financial Globalisation and Financial Exclusion; G.A.Dymski
Magdoff-Sweezy and Minsky; R.Bellofiore & J.Halevi
Reclaimed by the Mainstream?; A.Nesvetailova
A Minsky Perspective on the Global Recession; C.J.Whalen
Macroeconomic Imbalances in the U.S.; J.S.Perelstein
Minsky, Financial Structure and Development; V.Chick
Minsky in the New Financial Institutional Framework; N.Levy-Orlik
Money Manager Capitalism; L.Ventimiglia& D.Tavasci
Minsky au Vietnam; S.Cheshier & J.Pincus
Islamic Banking in Malaysia; E.Karwowski
Ponzi from the Start; D.Bezemer, M.Hudson & J.Sommers
Financial Crises in an Asian Transitional Economy; R.Marshall & B.Walters
Speculative Behaviour and Financial Fragility; V.Arza & P.Espanol
Financial Crises the Latin American Way; M.Cruz & B.Walters
Banks in the Korean Financial Crisis of 1997; J.P.Painceira
Minsky and Indonesia; Y.Matsumoto
