Theory of Capital Development

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Publisher : NYU Press
ISBN 13 : 085345079X
Total Pages : 413 pages
Book Rating : 4.8/5 (534 download)

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Book Synopsis Theory of Capital Development by : Paul M. Sweezy

Download or read book Theory of Capital Development written by Paul M. Sweezy and published by NYU Press. This book was released on 1964 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since its first publication in 1942, this book has become the classic analytical study of Marxist economics. Written by an economist who was a master of modern academic theory as well as Marxist literature, it has been recognized as the ideal textbook in its subject. Comprehensive, lucid, authoritative, it has not been challenged or even approached by any later study.

Stabilizing an Unstable Economy

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Publisher : McGraw Hill Professional
ISBN 13 : 0071593004
Total Pages : 433 pages
Book Rating : 4.0/5 (715 download)

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Book Synopsis Stabilizing an Unstable Economy by : Hyman P. Minsky

Download or read book Stabilizing an Unstable Economy written by Hyman P. Minsky and published by McGraw Hill Professional. This book was released on 2008-05-01 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Mr. Minsky long argued markets were crisis prone. His 'moment' has arrived.” -The Wall Street Journal In his seminal work, Minsky presents his groundbreaking financial theory of investment, one that is startlingly relevant today. He explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns-and why the economy is now undergoing a credit crisis that he foresaw. Stabilizing an Unstable Economy covers: The natural inclination of complex, capitalist economies toward instability Booms and busts as unavoidable results of high-risk lending practices “Speculative finance” and its effect on investment and asset prices Government's role in bolstering consumption during times of high unemployment The need to increase Federal Reserve oversight of banks Henry Kaufman, president, Henry Kaufman & Company, Inc., places Minsky's prescient ideas in the context of today's financial markets and institutions in a fascinating new preface. Two of Minsky's colleagues, Dimitri B. Papadimitriou, Ph.D. and president, The Levy Economics Institute of Bard College, and L. Randall Wray, Ph.D. and a senior scholar at the Institute, also weigh in on Minsky's present relevance in today's economic scene in a new introduction. A surge of interest in and respect for Hyman Minsky's ideas pervades Wall Street, as top economic thinkers and financial writers have started using the phrase “Minsky moment” to describe America's turbulent economy. There has never been a more appropriate time to read this classic of economic theory.

Why Minsky Matters

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Publisher : Princeton University Press
ISBN 13 : 0691178402
Total Pages : 285 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Why Minsky Matters by : L Randall Wray

Download or read book Why Minsky Matters written by L Randall Wray and published by Princeton University Press. This book was released on 2017-10-17 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: Perhaps no economist was more vindicated by the global financial crisis than Hyman P. Minsky (1919–96). Although a handful of economists raised alarms as early as 2000, Minsky's warnings began a half-century earlier, with writings that set out a compelling theory of financial instability. Yet even today he remains largely outside mainstream economics; few people have a good grasp of his writings, and fewer still understand their full importance. Why Minsky Matters makes the maverick economist’s critically valuable insights accessible to general readers for the first time. L. Randall Wray shows that by understanding Minsky we will not only see the next crisis coming but we might be able to act quickly enough to prevent it. As Wray explains, Minsky’s most important idea is that "stability is destabilizing": to the degree that the economy achieves what looks to be robust and stable growth, it is setting up the conditions in which a crash becomes ever more likely. Before the financial crisis, mainstream economists pointed to much evidence that the economy was more stable, but their predictions were completely wrong because they disregarded Minsky’s insight. Wray also introduces Minsky’s significant work on money and banking, poverty and unemployment, and the evolution of capitalism, as well as his proposals for reforming the financial system and promoting economic stability. A much-needed introduction to an economist whose ideas are more relevant than ever, Why Minsky Matters is essential reading for anyone who wants to understand why economic crises are becoming more frequent and severe—and what we can do about it.

Minsky’s Moment

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Publisher : Edward Elgar Publishing
ISBN 13 : 1788973739
Total Pages : 228 pages
Book Rating : 4.7/5 (889 download)

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Book Synopsis Minsky’s Moment by : Piero Ferri

Download or read book Minsky’s Moment written by Piero Ferri and published by Edward Elgar Publishing. This book was released on 2019 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: At its core this book sets out the analytical and methodological foundations of Minsky’s financial instability hypothesis (FIH). Grounded on the joint work of Piero Ferri and Hyman Minsky, it offers insightful analysis from a unique insider's perspective. The objective is to deepen and enlarge the toolbox used by Minsky and to place the analysis within a dynamic perspective where a meta model, based upon regime switching, can encompass the different forms that the FIH can assume.

Can It Happen Again?

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Publisher : Routledge
ISBN 13 : 1317232496
Total Pages : 329 pages
Book Rating : 4.3/5 (172 download)

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Book Synopsis Can It Happen Again? by : Hyman Minsky

Download or read book Can It Happen Again? written by Hyman Minsky and published by Routledge. This book was released on 2016-04-14 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the winter of 1933, the American financial and economic system collapsed. Since then economists, policy makers and financial analysts throughout the world have been haunted by the question of whether "It" can happen again. In 2008 "It" very nearly happened again as banks and mortgage lenders in the USA and beyond collapsed. The disaster sent economists, bankers and policy makers back to the ideas of Hyman Minsky – whose celebrated 'Financial Instability Hypothesis' is widely regarded as predicting the crash of 2008 – and led Wall Street and beyond as to dub it as the 'Minsky Moment'. In this book Minsky presents some of his most important economic theories. He defines "It", determines whether or not "It" can happen again, and attempts to understand why, at the time of writing in the early 1980s, "It" had not happened again. He deals with microeconomic theory, the evolution of monetary institutions, and Federal Reserve policy. Minsky argues that any economic theory which separates what economists call the 'real' economy from the financial system is bound to fail. Whilst the processes that cause financial instability are an inescapable part of the capitalist economy, Minsky also argues that financial instability need not lead to a great depression. This Routledge Classics edition includes a new foreword by Jan Toporowski.

Hyman Minsky's Theory of Capitalist Development

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Publisher :
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Hyman Minsky's Theory of Capitalist Development by : Charles J. Whalen

Download or read book Hyman Minsky's Theory of Capitalist Development written by Charles J. Whalen and published by . This book was released on 1999 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Financial Instability Hypothesis

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Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (263 download)

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Book Synopsis The Financial Instability Hypothesis by : Hyman P. Minsky

Download or read book The Financial Instability Hypothesis written by Hyman P. Minsky and published by . This book was released on 1979 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Can We Avoid Another Financial Crisis?

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Publisher : John Wiley & Sons
ISBN 13 : 1509513760
Total Pages : 140 pages
Book Rating : 4.5/5 (95 download)

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Book Synopsis Can We Avoid Another Financial Crisis? by : Steve Keen

Download or read book Can We Avoid Another Financial Crisis? written by Steve Keen and published by John Wiley & Sons. This book was released on 2017-05-09 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Great Financial Crash had cataclysmic effects on the global economy, and took conventional economists completely by surprise. Many leading commentators declared shortly before the crisis that the magical recipe for eternal stability had been found. Less than a year later, the biggest economic crisis since the Great Depression erupted. In this explosive book, Steve Keen, one of the very few economists who anticipated the crash, shows why the self-declared experts were wrong and how ever–rising levels of private debt make another financial crisis almost inevitable unless politicians tackle the real dynamics causing financial instability. He also identifies the economies that have become 'The Walking Dead of Debt', and those that are next in line – including Australia, Belgium, China, Canada and South Korea. A major intervention by a fearlessly iconoclastic figure, this book is essential reading for anyone who wants to understand the true nature of the global economic system.

John Maynard Keynes

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Publisher : New York : Columbia University Press
ISBN 13 :
Total Pages : 208 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis John Maynard Keynes by : Hyman P. Minsky

Download or read book John Maynard Keynes written by Hyman P. Minsky and published by New York : Columbia University Press. This book was released on 1975 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Macroeconomic Theory and Macroeconomic Pedagogy

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Publisher : Springer
ISBN 13 : 023029166X
Total Pages : 356 pages
Book Rating : 4.2/5 (32 download)

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Book Synopsis Macroeconomic Theory and Macroeconomic Pedagogy by : G. Fontana

Download or read book Macroeconomic Theory and Macroeconomic Pedagogy written by G. Fontana and published by Springer. This book was released on 2016-04-30 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to showcase and advance recent debates over the extent to which undergraduate macroeconomics teaching models adequately reflect the latest developments in the field. It contains 16 essays on topics including the 3-equation New Consensus model, extensions and alternatives to this model, and endogenous money and finance.

The Elgar Companion to Hyman Minsky

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Publisher : Edward Elgar Pub
ISBN 13 : 9781847208491
Total Pages : 290 pages
Book Rating : 4.2/5 (84 download)

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Book Synopsis The Elgar Companion to Hyman Minsky by : Dimitri B. Papadimitriou

Download or read book The Elgar Companion to Hyman Minsky written by Dimitri B. Papadimitriou and published by Edward Elgar Pub. This book was released on 2010 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book 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.

Financial Conditions and Macroeconomic Performance

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Publisher : Routledge
ISBN 13 : 1317470575
Total Pages : 209 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Financial Conditions and Macroeconomic Performance by : Steven M. Fazzari

Download or read book Financial Conditions and Macroeconomic Performance written by Steven M. Fazzari and published by Routledge. This book was released on 2015-06-05 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of papers on financial instability and its impact on macroeconomic performance honours Hyman P. Minsky and his lifelong work. It is based on a conference at Washington University, St. Louis, in 1990 and includes among the authors Benjamin M. Friedman, Charles P. Kindleberger, Jan Kregel and Steven Fazzari. These papers consider Minsky's definitive analysis that yields such a clear and disturbing sequence of financial events: booms, government intervention to prevent debt contraction and new booms that cause a progressive buildup of new debt, eventually leaving the economy much more fragile financially.

Ending Poverty

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Publisher : Levy Economics Institute of Bard College
ISBN 13 : 9781936192311
Total Pages : 185 pages
Book Rating : 4.1/5 (923 download)

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Book Synopsis Ending Poverty by : Hyman P. Minsky

Download or read book Ending Poverty written by Hyman P. Minsky and published by Levy Economics Institute of Bard College. This book was released on 2013 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although Hyman P. Minsky is best known for his ideas about financial instability, he was equally concerned with the question of how to create a stable economy that puts an end to poverty for all who are willing and able to work. This collection of Minsky's writing spans almost three decades of his published and previously unpublished work on the necessity of combating poverty through full employment policies-through job creation, not welfare.

The Handbook of the Political Economy of Financial Crises

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Publisher : OUP USA
ISBN 13 : 0199757232
Total Pages : 785 pages
Book Rating : 4.1/5 (997 download)

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Book Synopsis The Handbook of the Political Economy of Financial Crises by : Martin H. Wolfson

Download or read book The Handbook of the Political Economy of Financial Crises written by Martin H. Wolfson and published by OUP USA. This book was released on 2013-02-21 with total page 785 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Great Financial Crisis that began in 2007-2008 reminds us with devastating force that financial instability and crises are endemic to capitalist economies. This Handbook describes the theoretical, institutional, and historical factors that can help us understand the forces that create financial crises.

Money and Finance After the Crisis

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Publisher : John Wiley & Sons
ISBN 13 : 1119051436
Total Pages : 274 pages
Book Rating : 4.1/5 (19 download)

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Book Synopsis Money and Finance After the Crisis by : Brett Christophers

Download or read book Money and Finance After the Crisis written by Brett Christophers and published by John Wiley & Sons. This book was released on 2017-09-05 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: Money and Finance After the Crisis provides a critical multi-disciplinary perspective on the post-crisis financial world in all its complexity, dynamism and unpredictability. Contributions illuminate the diversity of ways in which money and finance continue to shape global political economy and society. A multidisciplinary collection of essays that study the geographies of money and finance that have unfolded in the wake of the financial crisis Contributions discuss a wide range of contemporary social formations, including the complexities of modern debt-driven financial markets Chapters critically explore proliferating forms and spaces of financial power, from the realms of orthodox finance capital to biodiversity conservation Contributions demonstrate the centrality of money and finance to contemporary capitalism and its political and cultural economies

A Crisis of Beliefs

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Publisher : Princeton University Press
ISBN 13 : 0691182507
Total Pages : 264 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis A Crisis of Beliefs by : Nicola Gennaioli

Download or read book A Crisis of Beliefs written by Nicola Gennaioli and published by Princeton University Press. This book was released on 2018-09-11 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: How investor expectations move markets and the economy The collapse of Lehman Brothers in September 2008 caught markets and regulators by surprise. Although the government rushed to rescue other financial institutions from a similar fate after Lehman, it could not prevent the deepest recession in postwar history. A Crisis of Beliefs makes us rethink the financial crisis and the nature of economic risk. In this authoritative and comprehensive book, two of today’s most insightful economists reveal how our beliefs shape financial markets, lead to expansions of credit and leverage, and expose the economy to major risks. Nicola Gennaioli and Andrei Shleifer carefully walk readers through the unraveling of Lehman Brothers and the ensuing meltdown of the US financial system, and then present new evidence to illustrate the destabilizing role played by the beliefs of home buyers, investors, and regulators. Using the latest research in psychology and behavioral economics, they present a new theory of belief formation that explains why the financial crisis came as such a shock to so many people—and how financial and economic instability persist. A must-read for anyone seeking insights into financial markets, A Crisis of Beliefs shows how even the smartest market participants and regulators did not fully appreciate the extent of economic risk, and offers a new framework for understanding today’s unpredictable financial waters.

Induced Investment and Business Cycles

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Publisher : Edward Elgar Publishing
ISBN 13 : 9781843762164
Total Pages : 0 pages
Book Rating : 4.7/5 (621 download)

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Book Synopsis Induced Investment and Business Cycles by : Hyman P. Minsky

Download or read book Induced Investment and Business Cycles written by Hyman P. Minsky and published by Edward Elgar Publishing. This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique volume presents, for the first time in publication, the original Ph.D. thesis of Hyman P. Minsky, one of the most innovative thinkers on financial markets. Dimitri B. Papadimitriou's introduction places the thesis in a modern context, and explains its relevance today. The thesis explores the relationship between induced investment, the constraints of financing investment, market structure, and the determinants of aggregate demand and business cycle performance. Forming the basis of his subsequent development of financial Keynesianism and his 'Wall Street' paradigm, Hyman Minsky investigates the relevance of the accelerator-multiplier models of investment to individual firm behaviour in undertaking investment dependent on cost structure. Uncertainty, the coexistence of other market structures, and the behaviour of the monetary system are also explored. In assessing the assumptions underlying the structure and coefficient values of the accelerator models frequently used, the book addresses their limitations and inapplicability to real world situations where the effect of financing conditions on the balance sheet structures of individual firms plays a crucial and determining role for further investment. Finally, Hyman Minsky discusses his findings on business cycle theory and economic policy. This book will greatly appeal to advanced undergraduate and graduate students in economics, as well as to policymakers and researchers. In addition, it will prove to be valuable supplementary reading for those with an interest in advanced microeconomics.