December 2014
Beginner
352 pages
14h 24m
English

Banking and finance
Hyman Minsky (1919–96)
1933 American economist Irving Fisher shows how debt can cause depression.
1936 British economist John Maynard Keynes claims the financial markets have a larger role in the functioning of the economy than was previously thought.
2007 Lebanese-American risk theorist Nassim Nicholas Taleb publishes The Black Swan, which criticizes the risk-management procedures of financial markets.
2009 Paul McCulley, former managing director of a large US investment fund, coins the term “Minsky moment” for the point at which booms bust.
The instability of economic systems has been debated ...
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