Minsky Financial Instability Hypothesis - Part 1

Описание: Is stability destabilising?

The hypothesis of financial instability was developed by economist Hyman Minksy, but his work was little know until the financial crisis of the late 2000s. His work argued that financial crisis are inevitable in capitalism because economic prosperity encourages people to take bigger risks with their money.

Find out more about Hyman Minsky's work in this video.

Watch part 2 here:    • Minsky Financial Instability Hypothesis - ...  

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