ISBN:
9781788973731
Language:
English
Pages:
1 Online-Ressource (xi, 252 Seiten)
Series Statement:
New directions in modern economics
Series Statement:
Edward Elgar books
Series Statement:
Edward Elgar E-Book Archive
Series Statement:
Elgaronline
Series Statement:
New directions in modern economics series
Parallel Title:
Erscheint auch als Ferri, Piero, 1942 - Minsky's moment
Keywords:
Minsky, Hyman P.
;
Minsky, Hyman P
;
Ökonomische Ideengeschichte
;
Wirtschaftswissenschaft
;
Economists
;
Recessions
;
Economics
;
Electronic books
;
Minsky, Hyman P. 1919-1996
;
Wirtschaftstheorie
Abstract:
Contents: Preface -- 1: Overview -- Part I: "It" happened again -- 2. The Minsky moment and the economics of Minsky -- 3. A synoptic view of the financial instability hypothesis -- 4. An insider's view -- Part II: Co-Authoring -- 5. Prices, employment and prices -- 6. The breakdown of the IS-LM synthesis: implications for Post-Keynesian economic theory -- 7. Market processes and the thwarting system -- Part III: Deepening the methodology -- 8. Micro and macro in Minsky's models -- 9. The foundations of medium-run dynamics -- 10. New tools for dynamics -- Part IV: Entering the black box -- 11. Drivers, adapters and constraints -- 12. Growth, technical change and unemployment -- 13. Heterogeneity in the labor market -- Part V: The economics of Minsky in a dynamic setting -- 14. The financial instability hypothesis and the great recession -- 15. A meta-model of the financial instability hypothesis -- 16. Final considerations and challenges -- Index.
Abstract:
Based upon his life-long collaboration with Hyman Minsky, Piero Ferri explores and reconsiders Minsky's moments in the aftermath of the 'Great Recession' of 2008. He sets out the analytical and methodological foundations of Minsky's financial instability hypothesis, offering insightful comments from a unique insider's perspective. This book stresses the necessity of including what has been recently discovered about Minsky's financial instability hypothesis into his lifelong research program, in order to obtain a more complete picture of both his vision and his analytical apparatus. It seeks to move beyond a discussion of Minsky's original ideas, to verify how they are capable of meeting the challenges derived from the modern evolution of the economy. Developing a meta-model based on regime switching, Piero Ferri examines how the different financial instability hypotheses can be accounted for. Researchers and advanced students in macroeconomics and finance will greatly benefit from the exploration of how Minsky predicted the 'Great Recession', and why his work is of fundamental relevance today. Economic policy makers will also find this book to be a useful tool in discovering methodological innovations to aid further financial recovery from the 2008 economic crisis
DOI:
10.4337/9781788973731
URL:
Deutschlandweit zugänglich
Permalink
