Hyman Minsky

6 results

Lehman Brothers collapsed weeks before the Irish government issued its blanket bank guarantee.

The cohort of young adults starting university this month to begin studying finance and economics will almost certainly not know the difference betwee(...)

The Jarrow Crusade in Britain which in 1936 marched for the right to work

One of the basic lessons of 2016 is that a promise to bring back well-paid jobs is a vote winner. It’s tempting to point out straight away that any po(...)

 Piketty has remained modest throughout the attention lavished on his book - an unprecedented amount given that he is a left-leaning economist calling for a global tax on wealth to rectify inequality. Photograph: Karsten Moran/The New York Times

Concern is growing that much of the western world is heading into a “Piketty bubble” - a social and economic phenomenon that arises when everyone who (...)

A clerk at a branch of China Merchants Bank, in Hefei, Anhui: China will not have a financial meltdown, but reform and rebalancing are essential. Photograph: Reuters

Must China’s borrowing binge, like most others, end in tears? This is a hotly debated topic. On one side are those who predict a “Minsky moment(...)

Ben Bernanke, soon to be ex-chairman of the US Federal Reserve, will surely be regarded as one of the Fed’s most significant chairmen. Photographer: Andrew Harrer/Bloomberg

In their patter song in The Pirates of Penzance, Gilbert and Sullivan satirised the notion of an educated “modern major-general”. Today they might sat(...)

Federal Reserve Board chairman Ben Bernanke: in testimony to Congress last month, he noted: “The Congressional Budget Office estimates that the deficit reduction policies in current law will slow the pace of real GDP growth by about 1-1 percentage points during 2013, relative to what it would have been otherwise.” Photograph: Alex Wong/Getty Images

It is easy to find people on Wall Street who believe that the aggressive monetary policies of central banks, particularly the US Federal Reserve’s qua(...)