Econ Autodidactic
There is only one true answer to any economic question: "It depends".
Wednesday, August 7, 2019
Structural Causes to the Financial Crisis and their Discontents
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James Crotty has argued that the crisis of 2007-8 was cause by structural issues in the economy, mainly derived from the deregulation in fin...
Tuesday, August 6, 2019
The Financial Instability Hypothesis & The 2007-2008 Financial Crisis.
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What is the financial instability hypothesis of Hyman Minsky? It is a theory of the business cycle, a theory where he describes “the readily...
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Monday, July 22, 2019
The Minsky Minute: The Financial Instability Hypothesis
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Upstairs on my nightstand, I have a copy of Minsky’s “Stabilizing an Unstable Economy”. My mother in law got it for me one Christmas soon af...
Monday, July 15, 2019
Modeling a Typical Financial Crisis
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Last week, I came across someone mentioning Bagehot's law, which is essentially “Lend without limit, to solvent firms, against good coll...
Saturday, July 6, 2019
Re-Center the Stakeholder: For a New Capitalism
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In the 70s, Milton Friedman wrote a famous essay that argued against the prevailing mode of social organization in corporations. At the ti...
Friday, July 5, 2019
Looking Toward the Next Recession
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I don't know when the next recession will hit. One of the things about studying economics is that it makes you less certain about ma...
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