The Rise and Fall of Money Manager Capitalism: Minsky's half century from world war two to the great recession (Routledge Critical Studies in Finance and Stability) - Softcover

Tymoigne, Eric

Softcover

ISBN 10: 1138650161 ISBN 13: 9781138650169

Publisher: Routledge, 2016

Synopsis

The book studies the trends that led to the worst financial crisis since the Great Depression, as well as the unfolding of the crisis, in order to provide policy recommendations to improve financial stability. The book starts with changes in monetary policy and income distribution from the 1970s. These changes profoundly modified the foundations of economic growth in the US by destroying the commitment banking model and by decreasing the earning power of households whose consumption has been at the core of the growth process.

The main themes of the book are the changes in the financial structure and income distribution, the collapse of the Ponzi process in 2007, and actual and prospective policy responses. The objective is to show that Minsky’s approach can be used to understand the making and unfolding of the crisis and to draw some policy implications to improve financial stability.

About this title

About the Author

Eric Tymoigne is Assistant Professor of Economics at Lewis and Clark College. His book Central Banking, Asset Prices, and Financial Fragility was published by Routledge in 2009.

L. Randall Wray is a Professor of Economics at the University of Missouri-Kansas City.

Edition details

• Publisher: Routledge
• Publication date: 2016
• Language: English
• ISBN 10: 1138650161
• ISBN 13: 9781138650169
• Binding: Paperback
• Edition number: 1
• Number of pages: 312