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Can It Happen Again?
Essays on Instability and Finance
Book • 2016
In 'Can It Happen Again?
: Essays on Instability and Finance', Hyman Minsky presents his theories on financial instability, discussing whether another economic collapse like the Great Depression could occur.
He examines microeconomic theory, monetary institutions, and Federal Reserve policy, arguing that financial instability is inherent in capitalist economies but need not lead to a great depression.
The book is a seminal work in understanding financial crises and the concept of a 'Minsky moment'.
: Essays on Instability and Finance', Hyman Minsky presents his theories on financial instability, discussing whether another economic collapse like the Great Depression could occur.
He examines microeconomic theory, monetary institutions, and Federal Reserve policy, arguing that financial instability is inherent in capitalist economies but need not lead to a great depression.
The book is a seminal work in understanding financial crises and the concept of a 'Minsky moment'.
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James Montier
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