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Book Title
The Elgar Companion to Hyman Minsky
ISBN
9781849809542

Über dieses Produkt

Product Identifiers

Publisher
Elgar Publishing, Incorporated, Edward
ISBN-10
1849809542
ISBN-13
9781849809542
eBay Product ID (ePID)
110916414

Product Key Features

Number of Pages
304 Pages
Publication Name
Elgar Companion to Hyman Minsky
Language
English
Subject
Economic History, Political Economy, Economics / Theory
Publication Year
2011
Type
Textbook
Author
L. Randall Wray
Subject Area
Political Science, Business & Economics
Series
Elgar Original Reference Ser.
Format
Trade Paperback

Dimensions

Item Height
0.7 in
Item Weight
16.1 Oz
Item Length
9.2 in
Item Width
6.1 in

Additional Product Features

Intended Audience
Scholarly & Professional
LCCN
2009-941096
Reviews
'. . . this review has attempted to highlight that The Elgar Companion to Hyman Minsky has managed not only to effectively convey Minsky's ideas, and his relevance to understanding today's economic problems, but also to provide a framework for moving forward with his ideas. The authors should be commended for maintaining the integrity of Minsky's ideas and providing a future research agenda for furthering our understanding of the modern complex financial system.', '[T]his review has attempted to highlight that The Elgar Companion to Hyman Minsky has managed not only to effectively convey Minsky's ideas, and his relevance to understanding today's economic problems, but also to provide a framework for moving forward with his ideas. The authors should be commended for maintaining the integrity of Minsky's ideas and providing a future research agenda for furthering our understanding of the modern complex financial system.' --Timur Behlul, History of Economics Review
TitleLeading
The
Dewey Edition
22
Illustrated
Yes
Dewey Decimal
332.042
Table Of Content
Contents:1. Introduction: Minsky on Money, Banking and FinanceDimitri B. Papadimitriou and L. Randall Wray2. What Would Minsky Have Thought of the Mortgage Crisis?Jan Kregel3. Minsky and Economic Policy: 'Keynesianism' All Over Again?Éric Tymoigne4. Minsky in the 'New' Capitalism: The New Clothes of the Financial Instability HypothesisRiccardo Bellofiore, Joseph Halevi and Marco Passarella5. Rational and Innovative Behaviors at the Core of Financial Crises: Banking in Minsky's TheoryEric Nasica6. What Would Minsky Do?Marshall Auerback, Paul McCulley and Robert W. Parenteau7. It's the Right Moment to Embrace the Minsky ModelRobert J. Barbera and Charles L. Weise8. Innovation and Equilibrium?Martin Shubik9. Hyman Minsky and the Dilemmas of Contemporary Economic MethodDuncan K. Foley10. Financial Instability and Agents' Heterogenity: A Post Minskyan Research AgendaTiziana Assenza, Domenico Delli Gatti and Mauro Gallegati11. Growth Cycles and the Financial Instability Hypothesis (FIH)Piero Ferri12. A Spatialized Approach to Asset Bubbles and Minsky CrisesGary A. Dymski13. The Psychology of Financial Markets: Keynes, Minsky and Emotional FinanceSheila Dow14. The Generalized 'Minsky Moment'James K. Galbraith and Daniel Munevar SastreIndex
Synopsis
This book provides a timely and engaging treatment of Hyman Minsky's approach to economics, which is enjoying a renewed appreciation because of its prescient analysis of the slow but sure transformation of the capitalist economy in the post-war period. Many have called the global financial crisis that began in the United States in 2007 a 'Minsky crisis', and these collected contributions demonstrate precisely why both academic economists as well as policy makers have turned to Minsky for guidance. The book brings together the foremost Minsky scholars to provide a comprehensive overview of his approach, with extensions to bring the analysis up to date. With the 2008 republication of his seminal books John Maynard Keynes (1975) and Stabilizing an Unstable Economy (1986), Minsky's ideas saw an unprecedented resurgence. This companion exemplifies this resurgence by emphasizing that economists have discovered Minsky's Financial Instability Hypothesis and have widely applied it to the course of events in the US from 2004 until the real estate market went bust. The book also argues that many commentators have recently begun to employ Minsky's hedge, speculative and Ponzi classification scheme to analyze the evolution of mortgage markets. Many of Minsky's favorite themes - 'stability is destabilizing', the role of the 'Big Government' and 'Big Bank' in constraining endogenous instability, banker's rationality, money non-neutrality, creative destruction and innovation by financial institutions - are taken up in the chapters commissioned especially for this volume. Using the introductory chapter as a springboard, the work here delves deeply into Minsky's ideas and how they have impacted thought today. The scope and comprehensive analyses found in this companion will appeal particularly to economists and post-Keynesian economists, institutionalists and upper-level scholars of economics and finance. Contributors: T. Assenza, M. Auerback, R.J. Barbera, R. Bellofiore, D. Delli Gatti, S. Dow, G.A. Dymski, P. Ferri, D.K. Foley, J.K. Galbraith, M. Gallegati, J. Halevi, J. Kregel, P. McCulley, E. Nasica, D.B. Papadimitriou, R.W. Parenteau, M. Passarella, D.M. Sastre, M. Shubik, E. Tymoigne, C.L. Weise, L.R. Wray, This Companion provides a timely and engaging treatment of Hyman Minsky's approach to economics, which is enjoying a renewed appreciation because of its prescient analysis of the slow but sure transformation of the capitalist economy in the post-war period. Many have called the global financial crisis that began in the United States in 2007 a 'Minsky crisis', and these original contributions demonstrate precisely why both academic economists as well as policymakers have turned to Minsky for guidance. The book brings together the foremost Minsky scholars to provide a comprehensive overview of his approach, with extensions to bring the analysis up to date.
LC Classification Number
HB3722

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