Wednesday, July 20, 2016

Minsky's financial instability hypothesis


From Boom, Bust, Boom. Not the best explanation, but accessible. In this version is all about confidence, which is not particularly heterodox. Btw, slow posting will continue until mid-August.

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Rethinking the determination and long-run evolution of income distribution

New paper by Thomas Palley. From the abstract: This paper presents a theory and model of long-run cycles in income inequality. The model exp...