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Format: Häftad (Paperback)
Språk: Engelska
Antal sidor: 181
Utgivningsdatum: 2008-05-01
Upplaga: illustrated ed
Förlag: McGraw Hill
Illustratör/Fotograf: illustrations
Illustrationer: illustrations
Dimensioner: 228 x 150 x 12 mm
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Antal komponenter: 1
ISBN: 9780071593014

John Maynard Keynes

Name: John Maynard Keynes
Price: 305.00 SEK
Availability: InStock
Author: Hyman Minsky
ISBN: 9780071593014

av Hyman Minsky

Häftad, Engelska, 2008-05-01

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Today, Mr. Minsky's view [of economics] is more relevant than ever.- the new york times

indeed, the minsky moment has become a fashionable catch phrase on wall street.-The Wall Street Journal

John Maynard Keynes offers a timely reconsideration of the work of the revered economics icon. Hyman Minsky argues that what most economists consider Keynesian economics is at odds with the major points of Keynes's the general theory of employment, interest, and money. Keynes and Minsky refuse to ignore pervasive uncertainty. Once uncertainty is given center stage, recurring episodes of financial system crises are all but inescapable. As Robert Barbera notes in a new preface, Benign economic circumstancesinvite increasingly aggressive financial market wagers. Innovation in finance is a signature development in a capitalist economy. Once leveraged wagers are in place, small disappointments can have exaggerated consequences. Thus for Minsky economic calm on Main Street engenders financial system fragility which, in turn, ensures a perpetuation of boom and bust cycles.

minsky colleagues dimitri b. papadimitriou and l. randall wray write in a new introduction, we offer this new edition, in the hope that it will contribute to the reformation of economic theory so that it can address the world in which we actually live-the world that was always the topic of minsky's analysis.

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Hyman Minsky

In the winter of 1933, the American financial and economic system collapsed. Since then economists, policy makers and financial analysts throughout the world have been haunted by the question of whether "It" can happen again. In 2008 &qu...

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Hyman P. Minsky, Ph.D., an American economist, was the first to explain how uncertainty, risk, and financial markets drive the economy. He was a distinguished scholar at The Levy Economics Institute of Bard college, and taught at Washington University for 25 years.