A Minsky Perspective on the Global Recession of 2009

Abstract

On 18 August 2007, a front-page story in The Wall Street Journal highlighted the ideas of economist Hyman Minsky. With the US economy in the midst of a worsening credit crunch, reporter Justin Lahart observed that although Minsky died in 1996, his views were ‘reverberating from New York to Hong Kong as economists and traders are trying to understand what’s happening in the markets’ (Lahart, 2007: p. 1). These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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