"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.

• We started tracking this book on March 24, 2014.
• This book was £12.95 when we started tracking it.
• The price of this book has changed 288 times in the past 3,684 days.
• The current price of this book is £18.45 last checked one minute ago.
• This book is at its lowest price in the past six months.
• This lowest price this book has been offered at in the past year is £18.23.
• The lowest price to date was £12.72 last reached on June 28, 2014.
• This book has been £12.72 one time since we started tracking it.
• The highest price to date was £29.94 last reached on March 2, 2023.
• This book has been £29.94 one time since we started tracking it.

• Business & FinanceInvesting

• Text-to-Speech: Enabled
• Lending: Disabled
• Print Length: 433 Pages
• File Size: 4,821 KB