Can “It” Happen Again?: Essays on Instability and Finance (Routledge Classics) by Hyman Minsky
2016 | ISBN: 1138641952 | English | 340 pages | True PDF | 8 MB
In the winter of 1933, the American financial and economic system collapsed. Since then economists, policy makers and financial analysts throughout the world have been haunted by the question of whether “It” can happen again. In 2008 “It” very nearly happened again as banks and mortgage lenders in the USA and beyond collapsed. The disaster sent economists, bankers and policy makers back to the ideas of Hyman Minsky – whose celebrated ‘Financial Instability Hypothesis’ is widely regarded as predicting the crash of 2008 – and led Wall Street and beyond as to dub it as the ‘Minsky Moment’.
