Wednesday, March 28, 2012

Steve Keen and the Minsky moment

Read it at The Financial Times | Alphaville

Steve Keen and the Minsky moment

by Kate Mackenzie
(h/t Andy Blatchford via email)

Interesting tidbits:
In fact, he doesn’t even really have a widely-used clever acronym yet. He told us that monetary circuit theory/MCT is the best one, and it’s one that already has a Wikipedia entry with several Keen-related footnotes.
Oh, and we are not hating on Keen, but there’s a prize* for the commenter who most accurately guesses Izzy’s concern with his theories.
Any takers?

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