Financial Fragility and Investment in the Capitalist Economy: The Economic Legacy of Hyman Minsky
- ISBN-10
- 1781009759
- ISBN-13
- 9781781009758
- Category
- Business & Economics
- Pages
- 210
- Language
- English
- Published
- 2001-01-01
- Publisher
- Edward Elgar Publishing
- Authors
- Piero Ferri, Riccardo Bellofiore
Description
Hyman Minsky is renowned for his theoretical and empirical investigation of the capitalist economy. In this book, a distinguished group of contributors provides an authoritative account of his contribution to the analysis of capitalism and, more particularly, to the fields of monetary and post Keynesian economics. The authors first provide an introduction to Hyman Minsky's economic legacy before going on to discuss his role in analysing the macroeconomy, monetary policy and instability. In detail, they consider the structural instability of a sophisticated market economy, the NAIRU, Minsky's financial fragility hypothesis, his business cycle theory, his investment theory and debt inflation.
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