Why Minsky Matters

Analysis | 24 March 2014 | 0h 28m | Listen Later  | iTunes
Backgrounds the ideas of economist Hyman Minsky, who argued that in the good times the seeds of the next crisis are sown as the financial sector engages in riskier and riskier lending in pursuit of profit. Considers what his ideas suggest about the response to the 2008 crisis and current policies. Asks whether mainstream economics has done enough to respond to its failure to predict the crisis and the challenge posed by Minsky’s ideas.

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