Quote of the day
It is better to meet danger than to wait for it. He that is on a lee shore, and foresees a hurricane, stands out to sea and encounters a storm to avoid a shipwreck.
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:
- Stabilizing an Unstable Economy (1986)
- John Maynard Keynes (1975)
- Induced Investment and Business Cycles
- Ending Poverty: Jobs, Not Welfare