Search Results for: minsky

China’s Minsky moment? Stability leads to instability

Hyman Minsky (1919–1996) was a distinguished American scholar and prominent post-Keynesian economist. In the wake of the 2008-2009 crisis Minsky’s invaluable scientific contribution has widely spread, but soon he has unfortunately disappeared from public and economic discussions. While most of the mainstream economists are … Continue reading

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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 … Continue reading

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A Critique of the Critique of Finance: Critics of neoliberal capitalism rarely recognize the productive power of speculation

by Martijn Konings*  If there is one theme that unites the various critiques of contemporary finance, it is the emphasis on its speculative character. Financial growth is said to be driven not by the logic of efficient markets, but rather … Continue reading

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BITS & BRIEFS: Political Economy of Nazism // Post-New Left // Yanis Varoufakis on China // The Making of Digital Kenya

The Supermanagerial Reich: Political Economy of Nazi Germany and its striking, surprising parallels with Neoliberalism – an excellent article by Ajay Singh Chaudhary and Raphaële Chappe The Universal and the Particular: Chomsky, Foucault, and Post-New Left political discourse – by Derek Ide The Economy of … Continue reading

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BITS & BRIEFS: Illusion of technological determinism // Working class fears losing // Racism shaped welfare policy // Growth is not “natural”

Once again — especially worth reading (and sharing) articles: The illusion of technological determinism: Robots have been about to take our jobs for more than 200 years – by Louis Anslow The union movement’s problem isn’t that workers don’t want to … Continue reading

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‘Free markets’ as a religious belief

Joseph Stiglitz: “The advocates of free markets in all their versions say that crises are rare events, though they have been happening with increasing frequency as we change the rules to reflect beliefs in perfect markets. I would argue that … Continue reading

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