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Hyman Minsky and the Dilemmas of Contemporary Economic Method

In: The Elgar Companion to Hyman Minsky

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  • Duncan K. Foley

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

  • Duncan K. Foley, 2010. "Hyman Minsky and the Dilemmas of Contemporary Economic Method," Chapters, in: Dimitri B. Papadimitriou & L. Randall Wray (ed.), The Elgar Companion to Hyman Minsky, chapter 9, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:13122_9
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    References listed on IDEAS

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    1. Rajiv Sethi, 1992. "Dynamics of learning and the financial instability hypothesis," Journal of Economics, Springer, vol. 56(1), pages 39-70, February.
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    Cited by:

    1. S. Dow, 2010. "The Psychology of Financial Markets: Keynes, Minsky and Emotional Finance," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 1.
    2. Claudio H. Dos Santos, 2004. "A Stock-Flow Consistent General Framework for Minskyan Analysis of Closed Economics," Macroeconomics 0402028, University Library of Munich, Germany.
    3. Goetz von Peter, 2005. "Debt-Deflation: Concepts, and a Stylised Model," Macroeconomics 0505001, University Library of Munich, Germany.

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