Stabilizing an unstable economy hyman p minsky on amazoncom free shipping on qualifying offers mr minsky long argued markets were crisis prone his moment has arrived the wall street journal in his seminal work. Stabilizing an unstable economy by hyman minsky is a wonderful but complex book on macroeconomic theory minsky examines the united states of the post wwii era up to the 90s and dissects the inherent instability in the system. Bard college bard digital commons hyman p minsky archive levy economics institute of bard college 9 22 1986 stabilizing an unstable economy hyman p minsky phd. Periods ofstability or oftranquility of a modem capitalist economy are transitory stabilizing an unstable economy tries to explain why our economy is so liable to fluctuations and how the obvious instabilityhas been contained even though the worse thatcould have happened agreatdepression has. Stabilizing an unstable economy covers the natural inclination of complex capitalist economies toward instability booms and busts as unavoidable results of high risk lending practices speculative finance and its effect on investment and asset prices governments role in bolstering consumption during times of high unemployment the need
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