Hyman Minsky: a view of the instability from Keynes

ABSTRACT

This paper presents a synthesis of Hyman Minsky’s basic thought about capitalist instability identifying it with the Keynes’ The General Theory. It stands out especially - focusing the Minsky’s book John Maynard Keynes (1975) - the importance of financial relations on the capitalist accumulation process like this author conceives them.

KEYWORDS:
History of economic thought; Minsky