10min chapter

Ones and Tooze cover image

Heterodox Economists, Part 3: Hyman Minsky

Ones and Tooze

CHAPTER

Minsky's Warning: The Fragility of Stability

This chapter explores Hyman Minsky's theories on financial instability, emphasizing the paradox that stability can lead to greater risks of crises. It analyzes the evolution of financial systems, the role of government intervention, and historical shifts in economic policy through Minsky's lens.

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