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Hyman Minsky Was a Powerful Critic of Capitalism
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Jacobin
Hyman Minsky Was a Powerful Critic of Capitalism
Thirty years after Hyman Minsky’s death, his name is more familiar than his political economy. Whenever asset prices collapse, leverage suddenly matters, or a financial boom turns into panic, someone announces a new “Minsky moment.”
The phrase has become shorthand for the point at which a speculative expansion can no longer sustain itself. Hedge finance turns into speculative finance, speculative finance into Ponzi f…
24 Oct, 13:51
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