Minsky's Stabilizing an Unstable Economy: Two Decades Later

Abstract

The article is an introduction to the new edition of Hyman P. Minsky's book Stabilizing an Unstable Economy and contains an extensive review of this scholar's work during his entire academic career. The authors show that the Minsky's theoretic ideas possess remarkable explanatory power and have been relevant not only for financial crises during his lifetime but for the financial instability episodes of the present.