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Unless we understand what it is that leads to economic and financial instability, we cannot prescribe — make policy — to modify or eliminate it. Identifying a phenomenon is not enough; we need a theory that makes instability a normal result in our economy and gives us handles to control it.

Hyman Minsky

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Hyman Minsky

Hyman Minsky

Born: September 23, 1919
Died: October 24, 1996 (aged 77)
Bio: Hyman Philip Minsky was an American economist, a professor of economics at Washington University in St. Louis, and a distinguished scholar at the Levy Economics Institute of Bard College.
Known for:
  1. Stabilizing an Unstable Economy (1986)
  2. John Maynard Keynes (1975)
  3. Induced Investment and Business Cycles
  4. Ending Poverty: Jobs, Not Welfare

WikipediaHyman Minsky on Wikipedia

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