Money and Finance
- Links
Bruce Greenwald: An Alternative Explanation of the Great Recession (video) [H/T ValueWalk] (LINK) ["What I'm going to start talking about, because this is a Minsky conference, is something that Hyman Minsky identified that's been largely overlooked...
- Jim Chanos Interview
Found via The Reformed Broker. LP: What do we know about the timing of frauds? When are they most likely to happen? JC: One of our models is the Kindleberger-Minsky model, named after Hyman Minsky and Charles Kindleberger. It’s a macro model, and basically...
- Bill Gross – February 2013 Investment Outlook: Credit Supernova!
Economist Hyman Minsky did. With credit now expanding, the sophisticated economic model provided by Minsky was working its way towards what he called Ponzi finance. First, he claimed the system would borrow in low amounts and be relatively self-sustaining...
- Steve Keen On The “from Alpha To Omega” Podcast
The “From Alpha to Omega” podcast recorded the following interview with me about the “Modern Debt Jubilee”. We discuss a lot more than just that–starting with why people who are interested in Hyman Minsky’s work should NOT read Stabilizing...
- Steve Keen Paper: "instability In Financial Markets: Sources And Remedies"
Introduction In the seemingly never-ending aftermath to the economic crisis that began in 2007, there is little disagreement that financial markets are characterized by instability rather than stability. Even Eugene Fama, the most influential proponent...
Money and Finance
March 2007 Article: The Plankton Theory Meets Minsky – By Paul McCulley
Watching the on-going meltdown in the sub-prime mortgage market, which is triggering a sharp tightening of underwriting standards to these dicey credits, I was reminded of prescient writings by two serious thinkers: Bill Gross and Hyman Minsky. Both narratives go back a long ways, with something that Bill wrote in August 1980 – 27 years ago! – particularly poignant:
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Related book: Stabilizing an Unstable Economy
Related papers:
“Minsky Crisis” – by L. Randall Wray
“Securitization” – by Hyman P. Minsky
“What Do Banks Do? What Should Banks Do?” – by L. Randall Wray
Related link: Simoleon Sense: Hyman Minsky Megapost!
- Links
Bruce Greenwald: An Alternative Explanation of the Great Recession (video) [H/T ValueWalk] (LINK) ["What I'm going to start talking about, because this is a Minsky conference, is something that Hyman Minsky identified that's been largely overlooked...
- Jim Chanos Interview
Found via The Reformed Broker. LP: What do we know about the timing of frauds? When are they most likely to happen? JC: One of our models is the Kindleberger-Minsky model, named after Hyman Minsky and Charles Kindleberger. It’s a macro model, and basically...
- Bill Gross – February 2013 Investment Outlook: Credit Supernova!
Economist Hyman Minsky did. With credit now expanding, the sophisticated economic model provided by Minsky was working its way towards what he called Ponzi finance. First, he claimed the system would borrow in low amounts and be relatively self-sustaining...
- Steve Keen On The “from Alpha To Omega” Podcast
The “From Alpha to Omega” podcast recorded the following interview with me about the “Modern Debt Jubilee”. We discuss a lot more than just that–starting with why people who are interested in Hyman Minsky’s work should NOT read Stabilizing...
- Steve Keen Paper: "instability In Financial Markets: Sources And Remedies"
Introduction In the seemingly never-ending aftermath to the economic crisis that began in 2007, there is little disagreement that financial markets are characterized by instability rather than stability. Even Eugene Fama, the most influential proponent...