Hyman Minsky
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Minsky’s moment: He gets props for describing bubble
SPRINGFIELD, Ill. — Hyman P. Minsky died in 1996, but today the Chicago-born economist is getting credit for anticipating the current financial crisis. To be precise, Minsky’s “financial instability hypothesis,” refined in the ’70s, describes how bubbles form in capitalist economies, with potentially disastrous consequences. For most of his career, Minsky taught economics at Washington Continue reading
