Published on Mar 30, 2017 This lecture covers how Hyman Minsky developed his “Financial Instability Hypothesis” to answer the question “Can “It”—a Great Depression—happen again?”, by combining insights from Marx, Fisher, Schumpeter, Kalecki, and finally Keynes. I show how his model can be explained simply by working from the macroeconomic definitions of employment, income distribution,… Read More
Reproduced from: http://www.debtdeflation.com/blogs/2016/08/19/incorporating-energy-into-production-functions/ Incorporating energy into production functions By Steve Keen August 19, 2016 Debtwatch In my last post on my Debtwatch blog, I finished by saying that the Physiocrats were the only School of economics to properly consider the role of energy in production. They ascribed it solely to agriculture exploiting the free energy of… Read More
https://www.pimco.com/insights/economic-and-market-commentary/global-central-bank-focus/the-shadow-banking-system-and-hyman-minskys-economic-journey The Shadow Banking System and Hyman Minskys Economic Journey | PIMCO “Hyman Minsky’s theory on the nature of financial instability proved unnervingly prescient in explaining the rise and fall of shadow banking.” BY PAUL A MCCULLEY MAY, 2009 This paper is the basis for a speech I’ll be giving in Tel Aviv in June,… Read More
Source: Holt-LunstadJ, Smith TB, Layton JB (2010) Social Relationships and Mortality Risk: A Meta-analytic Review. PLOS Medicine 7(7): e1000316.
https://journals.plos.org/plosmedicine/article?id=10.1371/journal.pmed.1000316
