In 1992, I built a model of Minsky’s ‘Financial Instability Hypothesis’ that simulated the debt-induced breakdown he argued could happen in a capitalist economy. But it also had an unexpected feature: ...
Jinny: I don’t blame you for not being aware about the term. Hyman Minsky, the economist after whose name the term has been coined, is after all not a household name. But sometimes when the circular ...
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