IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-29232-1_10.html
   My bibliography  Save this book chapter

Minsky’s Financial Instability Hypothesis in the New Financial Institutional Framework: What are the Lessons for Developing Countries?

In: Minsky, Crisis and Development

Author

Listed:
  • Noemi Levy-Orlik

Abstract

The importance of financial instability and the revival of financial (and monetary) variables in the understanding of economic cycles are crucial elements of Hyman Minsky’s theoretical legacy. The vehemence of Minsky discussions and the harsh critique to the Neoclassical Synthesis (Minsky, 1975) contributed to the revival of John Maynard Keynes’ revolutionary and novel contributions, rescuing them from the partial attempt of John Hicks (1937) to corner ‘The General Theory’. Minsky was among the founders of a new school of thought (post-Keynesian) that brought back the discussion of financial and economic instability, without indulging in apologetic defence of the capitalist system.

Suggested Citation

  • Noemi Levy-Orlik, 2010. "Minsky’s Financial Instability Hypothesis in the New Financial Institutional Framework: What are the Lessons for Developing Countries?," Palgrave Macmillan Books, in: Daniela Tavasci & Jan Toporowski (ed.), Minsky, Crisis and Development, chapter 9, pages 155-167, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-29232-1_10
    DOI: 10.1057/9780230292321_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-29232-1_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.