Finance, Investment And Economic Fluctuations
An Analysis in the Tradition of Hyman P. Minsky
Eric Nasica, Lecturer in Economics, University of Nice–Sophia Antipolis, France
Hardback £87.00 on-line price £78.30
Recent outbreaks of financial instability have spurred new interest in the works of the late Hyman P. Minsky who made path-breaking contributions to our understanding of contemporary market economies. This book provides an innovative tribute to Minsky’s work and sheds new light on the nature of economic fluctuations and financial instability.
Contents: Introduction Part I: Minsky’s Endogenous and Financial Cycles 1. The Post-Keynesian Legacy 2. The Financial Theory of Investment 3. The ‘Incoherence’ of Market Economies Part II: Modelling the Financial Instability Hypothesis 4. Linear and Non-Linear Models 5. New-Keynesian Models Part III: Rationality, Institutions and Financial Instability 6. Modelling Minsky’s Theory with New-Keynesian Concepts 7. Institutional Dynamics Conclusion References Index