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010 _a 2015945043
020 _a9780691159126 (acidfree paper)
020 _a0691159122 (acidfree paper)
020 _a9781400873494
020 _a1400873495
020 _a9780691178400
020 _a0691178402
035 _a(OCoLC)ocn908084085
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042 _alccopycat
050 1 4 _aHB 119
_bW943m 2016
082 0 0 _a330.092
100 1 _aWray, L. Randall,
_q(Larry Randall),
_d1953-
_95306
245 1 0 _aWhy Minsky matters :
_ban introduction to the work of a maverick economist /
_cL. Randall Wray.
264 1 _aPrinceton, New Jersey :
_bPrinceton University Press,
_c[2016]
300 _ax, 273 pages ;
_c23 cm
336 _atext
_btxt
_2rdacontent
337 _aunmediated
_bn
_2rdamedia
338 _avolume
_bnc
_2rdacarrier
504 _aIncludes bibliographical references (pages [223]-268) and index.
505 0 _aOverview of Minsky's main contributions -- Where did we go wrong? Macroeconomics and the road not taken -- Minsky's early contributions : the financial instability hypothesis -- Minsky's views on money and banking -- Minsky's approach to poverty and unemployment -- Minsky and the global financial crisis -- Minsky and financial reform -- Conclusion : reforms to promote stability, democracy, security, and equality.
520 _aPerhaps no economist was more vindicated by the global financial crisis than Hyman P. Minsky (1919-96). Although a handful of conomists raised alarms as early as 2000, Minsky's warnings began a half-century earlier, with writings that set out a compelling theory of financial instability. Yet even today he remains largely outside mainstream economics: few people have a good grasp of his writings, and fewer still understand their full importance. Why Minsky Matters makes the makes the maverick economist's critically valuable insights accessible to general readers for the first time. L. Randall Wray shows that by understanding Minsky we will not only see the next crisis coming but we might be able to act quickly enough to prevent it. As Wray explains, Minsky's most important idea is that "stability is destabilizing": to the degree that the economy achieves what looks to be robust and stable growth, it is setting up the conditions in which a crash becomes ever more likely. Before the financial crisis, mainstream economists pointed to much evidence that the economy was more stable, but their predictions were completely wrong because they disregarded Minsky's insight. Wray also introduces Minsky's significant work on money and banking, poverty and unemployment, and the evolution of capitalism, as well as his proposals for reforming the financial system and promoting economic stability. A much-needed introduction to an economist whose ideas are more relevant than ever, Why Minsky Matters is essential reading for anyone who wants to understand why economic crises are becoming more frequent and severe - and what we can do about it. -- from dust jacket.
600 1 4 _aMinsky, Hyman P.,
_d1919-1996
_95310
650 0 _aEconomics.
650 0 _aFinancial crises.
650 0 _aGlobal Financial Crisis, 2008-2009.
650 4 _aEconomía
_9761
650 4 _aCrisis financiera
_91793
650 4 _aCrisis financiera global, 2008-2009
_9408
906 _a7
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