Abstract
Abstract This review article assesses the legacy of Hyman Minsky on the occasion of two newly published books. It identifies two strands of research building on Minsky’s ideas and his research practice, which was eclectic. These two strands draw inspiration from, respectively, a ‘Money View Minsky’ and a ‘Model Minsky’. They represent different ways of doing economics, and they highlight, respectively, the microeconomic and macroeconomic dimensions of the Minskian analysis. Their compatibility hinges on the contested issue of aggregation in the financial instability hypothesis. This paper presents reviews of the books, and it highlights the diversity and the tensions in interpretations of Minsky’s work.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.