Induced Investment and Business Cycles

Induced Investment and Business Cycles

by Hyman P. Minsky
     
 

Minsky, who died in 1996, was an authority on monetary theory and financial institutions whose innovative work looked at the recurring instability of financial systems in a capitalist economy. Editor Papadimitriou (Levy Economics Institute, Bard College) presents Minsky's Ph.D. thesis, placing it into a modern context and explaining its relevance today. The thesis… See more details below

Overview

Minsky, who died in 1996, was an authority on monetary theory and financial institutions whose innovative work looked at the recurring instability of financial systems in a capitalist economy. Editor Papadimitriou (Levy Economics Institute, Bard College) presents Minsky's Ph.D. thesis, placing it into a modern context and explaining its relevance today. The thesis explores the relationship between induced investment, the constraints of financing investment, market structure, and the determinants of aggregate demand and business cycle performance. It formed the basis of his development of financial Keynesianism and his Wall Street paradigm. Of interest to advanced undergraduate and graduate students of economics as well as policy makers and researchers. Annotation ©2004 Book News, Inc., Portland, OR

Product Details

ISBN-13:
9781843762164
Publisher:
Elgar, Edward Publishing, Inc.
Publication date:
02/28/2005
Pages:
288
Product dimensions:
6.30(w) x 9.30(h) x 1.20(d)

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