Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/54294
Authors: 
Kregel, Jan
Year of Publication: 
2008
Series/Report no.: 
Public policy brief // Jerome Levy Economics Institute of Bard College 93
Abstract: 
In this brief, Senior Scholar Jan Kregel reviews Hyman P. Minsky's concept of financial fragility - in short, that the structure of a capitalist economy becomes more fragile over a period of prosperity - and concludes that the current crisis is in fact the result of insufficient margins of safety based on how creditworthiness is assessed in the new originate and distribute financial system.
ISBN: 
978-1-931493-73-4
Document Type: 
Research Report

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