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A Spatialized Approach to Asset Bubbles and Minsky Crises

In: The Elgar Companion to Hyman Minsky

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  • Gary A. Dymski

Abstract

This Companion provides a timely and engaging treatment of Hyman Minsky’s approach to economics, which is enjoying a renewed appreciation because of its prescient analysis of the slow but sure transformation of the capitalist economy in the post-war period. Many have called the global financial crisis that began in the United States in 2007 a ‘Minsky crisis’, and these original contributions demonstrate precisely why both academic economists as well as policymakers have turned to Minsky for guidance. The book brings together the foremost Minsky scholars to provide a comprehensive overview of his approach, with extensions to bring the analysis up to date.

Suggested Citation

  • Gary A. Dymski, 2010. "A Spatialized Approach to Asset Bubbles and Minsky Crises," Chapters, in: Dimitri B. Papadimitriou & L. Randall Wray (ed.), The Elgar Companion to Hyman Minsky, chapter 12, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13122_12
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    References listed on IDEAS

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    1. Gary Dymski & James Crotty, 2000. "Can the Global Neoliberal Regime Survive Victory in Asia? The Political Economy of the Asian Crisis," Published Studies ps5, Political Economy Research Institute, University of Massachusetts at Amherst.
    2. Jan A. Kregel, 1998. "Yes, 'It' Did Happen Again: A Minsky Crisis Happened in Asia," Economics Working Paper Archive wp_234, Levy Economics Institute.
    3. Wade, Robert, 1998. "From 'Miracle' to 'Cronysim': Explaining the Great Asian Slump," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 22(6), pages 693-706, November.
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    Cited by:

    1. Gary Dymski & James Crotty, 2000. "Can the Global Neoliberal Regime Survive Victory in Asia? The Political Economy of the Asian Crisis," Published Studies ps5, Political Economy Research Institute, University of Massachusetts at Amherst.
    2. Giulio Cainelli & Sandro Montresor & Giuseppe Vittucci Marzetti, 2013. "Production and financial linkages in inter-firm networks: structural variety, risk-sharing and resilience," Economic Complexity and Evolution, in: Andreas Pyka & Esben Sloth Andersen (ed.), Long Term Economic Development, edition 127, pages 113-136, Springer.
    3. Ilene Grabel, 1999. "Mexico Redux? Making Sense of the Financial Crisis of 1997-98," Journal of Economic Issues, Taylor & Francis Journals, vol. 33(2), pages 375-381, June.

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