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Minsky
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No economist has written more incisively and provocatively on financial crisis than Hyman Minsky. Minsky is best known for his claim that "stability is destabilizing" – that the seeds of the bust are sown in the boom. This financial instability hypothesis received renewed attention – and substantial confirmation – in the global financial crisis of 2008.
Minsky's insights are not limited to moments of crisis; they grow out of a comprehensive and critical theory of financial capitalism. This...
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