topic keynesian ★ seed

Post-Keynesian Economics

Heterodox Keynesians who reject the neoclassical synthesis. Emphasize fundamental uncertainty, endogenous money, financial instability, and the role of power in economic outcomes.

#post-keynesian #uncertainty #endogenous-money #heterodox

Sub-topics

Hyman Minsky concept

Financial Instability Hypothesis: stability breeds instability. During booms, hedge finance gives way to speculative then Ponzi finance until the 'Minsky moment' collapse. Vindicated by the 2008 crisis.