I highly recommend a movie to be released next year (that is, the year that begins next week). Terry Jones, of Monty Python fame, is one of the key developers of the film. It is on the Global Financial Crisis, but also provides a quick history of bubbles and crashes. It is highly entertaining and as good as any that I’ve seen on the crisis.
The movie features Hyman P. Minsky as well as J.K. Galbraith, who appear as life-sized puppets. One of Terry’s crew told me they brought Minsky over from England on a plane as a fare-paying customer. I would have loved to have seen the look on the faces of the flight attendants. I hope they bought him a beer.
Originally they were to film Minsky in his office at the Levy Institute, but when they saw pictures of it they said that there’s no way such a big and important economist could have had such an inauspicious office (albeit in beautiful Blithewood overlooking the Hudson). So they used a nice library down in Manhattan.
As Terry puts it, ”I wanted to be part of this project as soon as I discovered economics students are taught crashes just don’t happen.”…Economonitor — Great Leap Forward
BOOM BUST BOOM: MINSKY AT THE MOVIES
L. Randall Wray | Professor of Economics, University of Missouri at Kansas City
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