Today is Hyman Minsky's birthday. In this short podcast, Senior Scholar Jan Kregel explains Minsky's work on the financial instability inherent in capitalism and how we must restructure our economies to achieve full employment: https://t.co/DiMdMQrW6N
— Levy Institute (@LevyEcon) September 23, 2020
Today, Levy Institute Distinguished Scholar Hyman Minsky would have turned 100.
Read more of Minsky's work here https://t.co/YJVvM458pX
and visit the Minsky Archive, containing his writings (published and unpublished), correspondence, notes, and more https://t.co/hqHOcd1OPk
— Levy Institute (@LevyEcon) September 23, 2019
Wow! A rare video of Hyman Minsky clearly explaining his financial instability hypothesis and how what he calls 'Ponzi financing' emerges:https://t.co/FG1Q4FzAHu
— Rethinking Economics (@rethinkecon) January 10, 2020
It’s Hyman Minsky’s birthday! That means we’ve got non-stop Minsky #content coming at you all day. Why not start with our own short blog summarising his ideas? #MinskysBirthday https://t.co/ZSVlSxRaFI
— Rethinking Economics (@rethinkecon) September 23, 2019
“Private equity is undergoing what the great theorist Hyman Minsky pointed out is the Ponzi stage of the credit cycle in capitalist financial systems. This is the final stage before a blow-up.” @matthewstoller https://t.co/ls8CTmOPVf
— ProMarket (@ProMarket_org) April 20, 2020
New this week! Riccardo Bellofiore on Hyman Minsky: "Was Minsky in fact a communist? Of course not. But, a century after his birth, it is useful to clarify often neglected aspects of his intellectual biography."https://t.co/tIAIVzlePS
— Monthly Review (@monthly_review) March 3, 2020
1/ Very interesting and (perhaps) prescient paper from Hyman Minsky called The Financial Instability Hypothesis, published in 1992.
It has a three piece framework which helps explain what we are seeing right now.https://t.co/3ocJ9maxtz
— Taylor Pearson (@TaylorPearsonMe) April 9, 2020
Before President Trump stakes his reelection on the economy, he should remember the warnings of Professor Hyman Minsky.
— The Bulwark (@BulwarkOnline) January 29, 2020
.#CentralBanks and #markets should remember the insight of Hyman #Minsky's Instability Hypothesis (sustained periods of low #volatility breed risk-taking excess which lead to subsequent #instability), and that of Herb #Stein (If something cannot go on forever, it will stop).@ft https://t.co/Y9UaDKNgy7
— Mohamed A. El-Erian (@elerianm) January 25, 2020
A “Minsky moment,” named after economist Hyman Minsky, refers to a sudden market collapse following an unsustainable bull run, which in this case could be fueled by the “easy credit” environment created as a result of unprecedented fiscal and monetary stimulus measures.
— Captain Bid-n-Ask (@CaptainBidnAsk) September 3, 2020
Critical Macro-finance: a theoretical lens focused on the co-evolution of global finance and the macro-institutions of the state, in the tradition of Hyman Minsky (1957) and, more recently, @adam_tooze (2018) analysis of the global financial crisis. https://t.co/DofI9cQvX6
— Daniela Gabor (@DanielaGabor) May 28, 2020
'Private equity is undergoing what the great theorist Hyman Minsky pointed out is the Ponzi stage of the credit cycle in capitalist financial systems. This is the final stage before a blow-up.' https://t.co/RvKUk8u2lB by @matthewstoller
— Jesse Felder (@jessefelder) April 16, 2020
From the archives: The Anatomy of a Bubble: https://t.co/O2r7HegpoG
One of our in-depth posts that illustrates our framework, and explains how we look at markets and the economy. This post explores the work of Hyman Minsky and Charles Kindleberger and their writing on bubbles. pic.twitter.com/imUN3A85g9
— Variant Perception Research (@VrntPerception) March 22, 2020
Was Hyman Minsky a Communist? Riccardo Bellofiore explores this question.https://t.co/vQQphNk7zz
— Union for Radical Political Economics (@urpe1968) March 5, 2020
— Economic thought (@economicthought) March 3, 2020
— Yra Harris (@YraHarris) October 29, 2019
Happy 100th birthday to Hyman #Minsky, one of the greatest and most insightful economists!!! This blog was started as "The Minskys" to celebrate his work. Here are some of our articles on Minsky: 1/n pic.twitter.com/ZinQZj5hyA
— Economic Questions (@QuestioningEcon) September 23, 2019
To fully understand financial cycles, look at both Hyman #Minsky's analysis of investors' herd-like behavior, but also Karl #Marx to understand why investors fear even the most meager increases in wages over the past year.https://t.co/K1X9erbNjb
— Socialist Economist (@SocialistEconom) July 11, 2019
Happy 100th birthday to Hyman Minsky. To celebrate, I'm going to remind twitter of the time I was in a Terry Jones (of Python fame) movie celebrating Minsky.https://t.co/qSIu65g43c
— Nathan Tankus (@NathanTankus) September 23, 2019
Always reminds me of the Hyman Minsky quote; "There are as many varieties of capitalism as Heinz has pickles."
The stark fact is, this jar is rapidly approaching empty. A strong socialist presence, particularly across the advanced economies may just help us out of this pickle.
— Assets on the left, Liabilities on the right. (@consbyname) November 14, 2019
*According to MS’s Global Risk Demand Index (aka risk appetite) – the market’s have quickly become extremely risk averse
But looking back – investors can see the cyclical + reflexive risk taking/risk aversion that Hyman Minsky wrote about in his FIH (a practical framework I use) pic.twitter.com/JaW3Ejl6eV
— Adem Tumerkan (@RadicalAdem) January 28, 2020
@ProfSteveKeen has the “business” cycle math
On the death of financialised capitalism https://t.co/FtOesHyRsr .
Prof Steve Keen Macro&CheeseClimate in Crisishttps://t.co/dcgnTj2RsM
Prof Steve Keen’s talk @ 100th B-Day Hyman Minskyhttps://t.co/fBXfCZ2Yqr
— Pseu_D’OH_Nym (@do_nym) August 4, 2020
"Only an economics that is critical of capitalism can be a guide to successful policy for capitalism".
– Hyman Minsky, "Stabilizing an Unstable Economy", pp. 369-370
— Aidan Regan (@Aidan_Regan) May 23, 2020
This is how banks create money. (Prof Dirk Bezemer) pic.twitter.com/qrt5SIeHDw
— Positive Money (@PositiveMoneyUK) January 23, 2017
Is the Dutch property market in a bubble?
Find out in this interview with Dirk Bezemer. The economics of debt expert who is the latest guest on podcast Econ 050, made in collaboration with @northerntimesnl https://t.co/Z59Sd5DqMa pic.twitter.com/VPruaHuAIE
— Faculty of Economics and Business – UG (@UniGroningenFEB) January 29, 2019
— Faculty of Economics and Business – UG (@UniGroningenFEB) June 25, 2018
IIPP Head of Research @jryancollins has published a new working paper co-authored by Dutch economists Dirk Bezemer, Lu Zhang and @Frank_vanlerven on whether credit should be guided. Read a summary by Josh Ryan-Collins.https://t.co/qgKOdPRns2
— Institute for Innovation and Public Purpose (@IIPP_UCL) January 5, 2019
An interesting look at current state of Modern Monetary Theory.
— Brave New Europe (@BRAVENEWEUROPE1) April 15, 2020
Due to the financial structure in The Netherlands, many of its citizens are heading for disaster triggered by covid-19. As explained in a new book of Dirk Bezemer.https://t.co/n0JadEPSF6 @univgroningen pic.twitter.com/3sR1WpCdfd
— Jos Vervoort (@stafpilot) October 16, 2020
Great to attend @AIFknowledge symposium on The Better Future of Finance at DNB. Prof Dirk Bezemer @univgroningen, Prof David Yermack @NYUStern, Ronald Wuijster @APG_News & Triodos challenging normative thinking #globalization 2.0 @LeadingMile https://t.co/hKqiAZyz39
— David Bellingham (@BlackSwanDavid) May 29, 2018
Dirk Bezemer: Why some economists could see the crisis coming (They are flow of funds models) https://t.co/2pi3Qkgq7P
— Ramanan (@Ramanan_V) September 8, 2017
(re: GFC) Rent-Economy: money and credit were not spent on tangible capital investment to produce goods and non-financial services, and did not raise wage levels, chart @evonomicsmag Dirk Bezemer & Michael Hudson https://t.co/9YYVuqnYW2 pic.twitter.com/nboyTXE0eo
— ACEMAXX ANALYTICS (@acemaxx) September 14, 2018
Our @IIPP_UCL working paper with Dirk Bezemer, @Frank_vanlerven & Lu Zhang finds deregulation and privatisation of the banking sector is negatively correlated with business lending. https://t.co/8cgVacaKei
— josh ryan-collins (@jryancollins) February 24, 2019
Credit guidance: what is it, why did we stop doing it in the 1980s and did it/does it work? Tough but important questions we try and answer in this new @IIPP_UCL Working Paper, written with Dirk Bezemer, @Frank_vanlerven & Lu Zhang. https://t.co/8bn20FtJBU
— josh ryan-collins (@jryancollins) December 14, 2018
— Evonomics (@EvonomicsMag) January 16, 2019
— Evonomics (@EvonomicsMag) September 13, 2018
Economists Dirk Bezemer and Michael Hudson: "We therefore need to start afresh. The credit system has been warped into an increasingly perverse interface with rent-extracting activities." https://t.co/bCJrHu9TGf
— Evonomics (@EvonomicsMag) August 14, 2018
— Evonomics (@EvonomicsMag) October 1, 2017
— Evonomics (@EvonomicsMag) April 11, 2017
Here is the new book by Marc Lavoie. Please get your university library to buy a copy.
— LPRochon (@Lprochon) December 21, 2020
My interview with Marc Lavoie on his latest book, Post-Keynesian Monetary Policy: Selected Essays. Just under 45 minutes long. A candid discussion of post-Keynesian stuff. 🙂https://t.co/VbCB2Iqoul
— LPRochon (@Lprochon) December 18, 2020
I am happy to present this special issue on Structural Change in Latin America There is an amazing introduction from Marc Lavoie on "Thoughts on post-keynesian economics and emerging economies"https://t.co/ta4EJqfXIk
— Diego Guevara (@diegoguevaro) June 26, 2020
For those who are interested in theoretical differences and main features of Post-Keynesian perspective in a nutshell:
Presentation by Marc Lavoiehttps://t.co/RmqYpYmwVR
— ilhan dögüs (@ilhandogus) December 17, 2020
A webinar in honour of Marc Lavoie and Mario Seccareccia, arranged, introduced and coordinated by @Lprochon, with an intervention by Hassan Bougrine, plus presentations by @RobertGuttmann and myself, and friends celebrating Marc & Mario.https://t.co/YtgRsY01PB
— Riccardo Bellofiore (@r_bellofiore) August 23, 2020
*yawn* Truth by assertion is the most egregious form of logical fallacy. SHOW YOUR WORK: You need to read the academic papers to learn the theory. Plenty of non-MMT economists e.g. @ProfSteveKeen & Marc Lavoie have managed it.
— The MMT FAQ (@mmtfaq) August 5, 2020
I would also suggest post Keynesian or, even more broadly, heterodox monetary theory. "A primer on endogenous money" by Marc Lavoie is highly recommendable as an introduction.
— Basil Oberholzer (@basiloberholzer) September 27, 2020
Jan Hatzius, the chief economist at Goldman Sachs, on the lessons learned in 2020, inflation, the outlook for 2021, his sectoral balances framework for analyzing the economy, and MMT https://t.co/AFxLuCkWDv pic.twitter.com/P8ivgquFrN
— Bloomberg Economics (@economics) December 31, 2020
Thrilled that to end 2020, Goldman's top economist Jan Hatzius came on Odd Lots.@tracyalloway and I talked to him in depth about the recovery, the new Fed regime, stimulus, inflation, sectoral balances, MMT, and his positive outlook for next year. https://t.co/ugifbZBg4T
— Joe Weisenthal (@TheStalwart) December 28, 2020
— Covert Economics (@coverteconomics) December 29, 2020
"Economics Journalism means very different things in different countries" – @tiagomata (@stsucl) looks at the disparity of economic journalism in the #UK, #US, #France, #Argentina, & #Brazil and the way economic knowledge is communicated: https://t.co/gFLG8qyIr1 #EconTwitter pic.twitter.com/cvPvxG6YmW
— VoxEU (@voxeu) August 6, 2020
Epistemic Consultants and the Regulation of Policy Knowledge in the Obama Administration
Jack Wright & Tiago Mata
— SpringerEthics (@SpringerEthics) June 25, 2020
— JamesRoy SFHEA (@JamesRoy) March 20, 2016
— JamesRoy SFHEA (@JamesRoy) February 7, 2016
— Boston Globe Opinion (@GlobeOpinion) October 12, 2014
The world is de facto at war (against the virus, rather than against each other—this is the good news…) With this in mind: US Federal deficits as a ratio to GDP: 1942: -12%, 1943: -26%, 1944: -21%, 1945: -20%. Let's not be squeamish.
— Olivier Blanchard (@ojblanchard1) March 16, 2020
https://t.co/WZCS34WdKT Achal Prabhala, @DeanBaker13 and I argue in @nytopinion for the suspension of IPR during the pandemic. A proposal made by SA and IND at the WTO will promote quicker dissemination of vaccines and should, we argue, be supported.
— Arjun Jayadev (@arjun_jayadev) December 7, 2020
The blog post linked below is excellent – it basically explains the Cooper & John model, imo. In an act of shameless self promotion, I’m gonna point to 2 related papers with @LPetach (links below) using a similar idea in microfounded growth models in the tradition… 1/3 https://t.co/rHm1sSR4V2
— Daniele Tavani (@danieletavani) December 30, 2020
1)Dynamics of infection & economic activity are like in a predator-prey biological system. 2)Moreover, US economy has shown strong path-dependence post 2008. 1)&2) -> some very dark months ahead w/ further #fiscal action b4 widespread #vaccine. CC @ettoregallo1 & @MariaCbgoes… https://t.co/106aOjliiU
— Daniele Tavani (@danieletavani) December 4, 2020
In times of trouble the answers to improved organizational performance often lie much closer to home than accelerated digitalization and external innovation.
— Institute for Management Development (IMD) (@IMD_Bschool) January 2, 2021