Hyman Minsky's theory of fluctuations in output in a capitalist economy was ignored by mainstream economics but
Question:
Hyman Minsky's theory of fluctuations in output in a capitalist economy was ignored by mainstream economics but has proven to be much closer to reality than are theories suggested by mainstream macroeconomists. What are some reasons why his theory was ignored? (Post-Keynesian)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Minskys theory is based on a view of the economy that involves people being collec...View the full answer
Answered By
Ajay Negi
Hi, I've completed my degree in engineering (Information Technology) from an NIT. Currently working as a software engineer. Wish to impart quality education to the future generation.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Economists have used the basic framework of aggregate demand and supply analysis to explain recessions. Recessions can occur either when there is sharp decreases in aggregate demand a leftward shift...
-
1. On a graph of the labor market, show the effects of an increase in the payroll tax. 2. On a graph of the labor market, show the effects of a negative shock to technology on wages and employment....
-
Farmers can buy crop insurance to cover their losses in the event of a small yield or low crop prices. If the total revenue from the crop drops below some target level, a payment from the insurance...
-
Top managers of Ryan Products, Inc., have asked you to compare the companys profit performance and financial position with the average for the industry. The companys accountant has given you the...
-
A researcher tests whether the political affiliation of individuals is related to or independent of whether they have positive views of the economy. The researcher records the political affiliations...
-
What is the difference between gross pay and net pay? Which amount should a company record as wages or salaries expense?
-
Redesign and implementation of accounting and reporting systems to incorporate environmental and ecological considerations faces a number of practical considerations. List and rank four of these...
-
The unaudited income statement and balance sheet of Gourmet Foods Corporation for the years 2012 and 2011 are given below (in $ million): In 2012, Gourmet Foods sold its meat packing division for...
-
What groups of individuals might be more responsive to the increase on preservation age?
-
North American lake system. Consider the American system of two lakes: Lake Erie feeding into Lake Ontario. What is of interest is how the pollution concentrations change in the lakes over time. You...
-
If the U.S. economy were to go into another financial crisis and additional monetary stimulus were needed to prevent a financial collapse, what measures would you suggest the government take?
-
What role did liquidity play in the financial crisis in 2008? What caused this lack of liquidity?
-
A particle is travelling in a straight line with displacement function x = te -t m. Determine the time when the velocity is at a maximum.
-
How to make a vba for payback period from these case Cumulative Year Cash Flow Cash Flow DF 12,00% PV NPV 50.677.130 IRR 15,20% 13,25% MIRR Payback Period Calculation Last Negative Cashflow Years...
-
Cambridge Office Furniture is weighing a proposal to manufacture and sell a new line of products aimed at the home office market. It would feature a number of modular components such as computer...
-
The two balls are attached to the light rigid rod, which is suspended by a cord from the support above it. If the balls and rod, initially at rest, are struck with the force F = 17.0 lb, calculate...
-
6 Binomial Model II (15 points) Consider a three-period binomial model with t = 0,1,2,3. To make life easy, At = 1. To make life even easier, suppose that at every point in time, the risk-free zero...
-
IE 375 - Production Planning Homework Assignment 1 - October 10 The past demand data for taxi rides at Bilkent Campus is given in the following table. Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Monday...
-
Determine the slope of the line through the given points. (6, 2), (6, -2)
-
Simplify the expression. Assume that all variables are positive. 23VI1 2 V44 8
-
Every year, the housing market in Monotone, Arizona, has the same experience: The demand curve for housing shifts rightward by 500 homes, 500 new homes are built, and the price of the average home...
-
Every year in Houseville, California, builders construct 2,000 new homesthe most the city council will allow them to build. And every year, the demand curve for housing shifts rightward by 2,000...
-
Suppose you buy a home for $400,000 with a $100,000 down payment and finance the rest with a home mortgage. a. Immediately after purchasing your home, before any change in price, what is the value of...
-
Suppose Stocks A, B and C are the only three component stocks in a benchmark index. The number of shares outstanding of Stocks A, B and C are 369,000 shares, 327,000 shares, and 240,000 shares,...
-
Botanists have determined that some species of weed grow in a circular pattern. For one such species, the area A , in square meters, can be approximated by A ( t ) = 0.004 t 2 , where t is the time...
-
Book Print ciences Gallatin Carpet Cleaning is a small, family-owned business operating out of Bozeman, Montana. For its services, the company has always charged a flat fee per hundred square feet of...
Study smarter with the SolutionInn App