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A monster stalks the earth-a sluggish, craven, dumb beast that takes fright at the slightest noise and starts at the sight of its own shadow. This monster is the market. The shadow it fears is cast by a light that comes from the future: the Keynesian crisis of expectations. It i…
No economist has written more incisively and provocatively on financial crisis than Hyman Minsky. This book from monetary economist Daniel H. Neilson provides a systematic overview of Minsky's thought, covering his entire body of work, revealing how financial crises arise not as…