The Legacy of Hyman Minsky

This chapter explores the life and economic theories of Hyman Minsky, shaped by his socialist upbringing and academic influences. It highlights his critical insights on financial instability, which challenge conventional economic perspectives, particularly in light of the 2008 financial crisis. The chapter also contextualizes Minsky's contributions within the broader historical evolution of macroeconomic thought from the 19th century to the mid-20th century.