Tuesday, June 13, 2017

Nick Johnson — In brief: the economics of Hyman Minsky


Like it says, short summary of Minsky's thought emphasizing the financial instability hypothesis. Although not stated in the post, Minsky also proposed a job guarantee. His connection with the development of MMT is through his student Randy Wray, who wrote the first book on MMT, Understanding Modern Money: The Key to Full Employment and Price Stability (1998).

The Political Economy of Development
In brief: the economics of Hyman Minsky
Nick Johnson

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