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【资料名称】：Stabilizing an Unstable Economy
【资料作者】：Hyman P. Minsky
【出版社】： McGraw-Hill
【简介及目录】：
Product Description
“Mr. Minsky long argued markets were crisis prone. His 'moment' has arrived.” -The Wall Street Journal
In his seminal work, Minsky presents his groundbreaking financialtheory of investment, one that is startlingly relevant today. Heexplains why the American economy has experienced periods ofdebilitating inflation,rising unemployment, and marked slowdowns-andwhy the economy is now undergoing a credit crisis that he foresaw. 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
- Government's role in bolstering consumption during times of high unemployment
- The need to increase Federal Reserve oversight of banks
Henry Kaufman, president, Henry Kaufman & Company, Inc., placesMinsky's prescient ideas in the context of today's financial marketsand institutions in a fascinating new preface. Two of Minsky'scolleagues,Dimitri B. Papadimitriou, Ph.D. and president, The Levy EconomicsInstitute of Bard College, and L. Randall Wray, Ph.D. and a seniorscholar at the Institute, also weigh in on Minsky's present relevancein today's economic scene in a new introduction.
A surge of interest in and respect for Hyman Minsky's ideas pervadesWall Street, as top economic thinkers and financial writers havestartedusing the phrase “Minsky moment” to describe America's turbulenteconomy. There has never been a more appropriate time to read thisclassic of economic theory.
Product Details
- Hardcover: 350 pages
- Publisher: McGraw-Hill; 1 edition (April 14, 2008)
- Language: English
- ISBN-10: 0071592997
About the AuthorHyman P. Minsky, Ph.D.,was an Americaneconomist who studied under Joseph Schumpeter andWassily Leontief. Hetaught economics at Washington University,University ofCalifornia--Berkeley, Brown University, and HarvardUniversity. Minskyjoined the Jerome Levy EconomicsInstitute of Bard College as adistinguished scholar in 1990, where hecontinued his research andwriting until a few months before his deathin October, 1996. His twoseminal books were Stabilizing an Unstable Economy and John Maynard Keynes.
Table of Contents
Foreword by Henry Kaufman VB
Preface and Acknowledgments to the First Edition
by Hyman P. Minsky ix
Minsky's Stabilizing an Unstable Economy: Two Decades Later
by Dimitri B. Papadimitriou and L. Randall Wray xi
PART 1: INTRODUCTION 1
1. ECONOMIC PROCESSES, BEHAVIOR, AND POLICY 3
PART 2: ECONOMIC EXPERIENCE 13
2. A DEEP RECESSION BUT NOT A DEPRESSION IN 1975:
THE IMPACT OF BIG GOVERNMENT 15
3. A DEEP RECESSION BUT NOT A DEPRESSION IN 1975:
THE IMPACT OF LENDER-OF-LAST-RESORT INTERVENTION 43
4. THE EMERGENCE OF FINANCIAL INSTABILITY IN
THE POSTWAR ERA 77
PART 3: ECONOMIC THEORY 107
5. PERSPECTIVES ON THEORY 109
6. THE CURRENT STANDARD THEORY: THE AFTER-KEYNES
SYNTHESIS 129
7. PRICES AND PROFITS IN A CAPITALIST ECONOMY 157
8. INVESTMENT AND FINANCE 191
9. FINANCIAL COMMITMENTS AND INSTABILITY 219
PART 4: INSTITUTIONAL DYNAMICS 247
10. BANKING IN A CAPITALIST ECONOMY 249
11. INFLATION 283
PART 5: POLICY 317
12. INTRODUCTION TO POLICY 319
13. AN AGENDA FOR REFORM 327
APPENDIX A: FINANCING STRUCTURES 371
APPENDIX B: CONSUMER PRICES AND REAL WAGES 381
Index 385
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