Wray, L. Randall - Palgrave Macmillan
This entry examines the approach of Hyman P. Minsky to financial crisis. Minsky famously developed an ‘investment … changes in such a way that financial fragility develops. This makes a financial crisis more likely. When the global financial … crisis hit in 2008, many commentators returned to the theories of Minsky, calling it a ‘Minsky crisis' or a ‘Minsky moment …