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Hyman Minsky’s interpretation of Donald Trump

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  • Kevin W. Capehart

Abstract

Hyman Minsky’s interpretation of The General Theory by John Maynard Keynes has received renewed attention in recent years. This article draws attention to Minsky’s interpretation of another book by another author: The Art of the Deal by Donald Trump. The article begins by summarizing Trump’s interpretation of himself in his book. In Trump’s interpretation, he was an artist when it came to making deals, and appreciation in the value of his assets was proof of his deal-making artistry. Next, the article summarizes Minsky’s interpretation of Trump. In Minsky’s interpretation, Trump’s deal-making artistry was predicated on appreciation in the value of his assets because of the fragility of his financing. To conclude, the article argues that Minsky’s interpretation of The Art of the Deal is a point of entry into his body of work.

Suggested Citation

  • Kevin W. Capehart, 2015. "Hyman Minsky’s interpretation of Donald Trump," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 38(3), pages 477-492, October.
    • Handle: RePEc:mes:postke:v:38:y:2015:i:3:p:477-492
    DOI: 10.1080/01603477.2015.1075358
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    References listed on IDEAS

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    1. Salarieh, Hassan & Alasty, Aria, 2008. "Stabilizing unstable fixed points of chaotic maps via minimum entropy control," Chaos, Solitons & Fractals, Elsevier, vol. 37(3), pages 763-769.
    2. Robert Heilbroner, 1999. "The End of the Worldly Philosophy," Challenge, Taylor & Francis Journals, vol. 42(3), pages 53-62, May.
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    Cited by:

    1. Barry King, 2018. "Trump, celebrity and the merchant imaginary," Palgrave Communications, Palgrave Macmillan, vol. 4(1), pages 1-9, December.

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