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Title:Properties of the Minskyan analysis and how to theorize and model a monetary production economy / by Eric Temoigne (The Minskyan system PDF Logo
Authors:Temoigne, Eric
Issue Date:2006
Series/Report no.:Working papers // The Levy Economics Institute 452
Abstract:This is the first part of a three-part analysis of the Minskyan framework. Via an extensive review of the literature, this paper looks at 12 essential elements necessary to get a good understanding of Minsky's theory, and argues that those elements are central to comprehend how a monetary production economy works. This paper also shows how important these 12 elements are for the modeling of the Minskyan framework, and how the omission of one of them may be detrimental to an understanding of the essential dynamics that Minsky put forward: the Financial Instability Hypothesis.
Subjects:Post-Keynesian economics
Minsky
financial fragility
JEL:E5
Document Type:Working Paper
Appears in Collections:Working Papers, Levy Economics Institute of Bard College

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