Hyman ‪‎Minsky‬: “Today’s narrowly focused financiers do not conform to ‪‎Schumpeter‬’s vision of ‪‎bankers‬ as the ephors of ‪‎capitalism…”

Hyman ‪‎Minsky‬: “Today’s narrowly focused financiers do not conform to ‪‎Schumpeter‬’s vision of ‪‎bankers‬ as the ephors of ‪‎capitalism‬ who assure that ‪‎finance‬ serves progress.
Today’s financial structure is more akin to ‪‎Keynes‬’ characterisation of the financial arrangements of advanced capitalism as a casino.”

Minsky, Hyman P. 1992. “Schumpeter and Finance.” Hyman P. Minsky Archive, Paper 280

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