Hyman P

Hyman P. Minsky (1919-1996)

Hyman Philip Minsky, unul dintre cei mai importanti "post-keynesisti americani" s-a nascut la Chicago si a studiat la George Washington High School din New York. S-a licentiat in matematica la Universitatea din Chicago in 1941, dar s-a interesat dupa aceea de economie si a obtinut doctoratul la Harvard in 1954 specializandu-se in finante.

Minsky a fost profesor la universitatile din California-Berkeley, Brown, Harvard si Carnegie Institute of Technology, dar cea mai mare parte a activitatii sale a realizat-o in departamentul de economie al Universitatii din Washington.

ACESTEA AU FOST CUVINTELE SALE

O caracteristica fundamentala a economiei noastre este ca sistemul financiar oscileaza intre robustete si fragilitate si ca aceasta oscilare este parte integrala a procesului ce genereaza ciclurile in afaceri.

H.P. Minsky, 1974.

Este considerat "keynesist radical" specializat in analiza cauzelor si consecintelor instabilitatii curente a sistemului financiar. Keynes prestase mare atentie instabilitatii pietelor financiare, dar Minsky a fost cel care a explicat cum se dezvolta instabilitatea si cum influenteaza pietele reale. Ideea de baza este ca el e cel care a explicat cum s-a dezvoltat instabilitatea si cum a influentat pietele reale. Ideea de baza este ca in momentele de prosperitate, cand cash-flow-ul intreprinderilor creste peste necesar in plata datoriilor, se dezvolta o euforie speculativa ce conduce la faptul ca camatarii acorda mult mai mult decat vor putea plati creditorii cu veniturile lor. Minsky s-a opus intotdeauna doctrinei economice dominante considerand ca oscilatiile pietelor financiare si crizele provocate sunt inevitabile in economia de piata din cauza faptului ca sunt controlate de guverne si banci centrale.

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Hyman P. Minsky

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Lucrari

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