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...
-
Image transcription text 1. [#851] Two students 1 point In the queue at the bus stop, two students (with masses 80 and 60 kg respectively) are standing a distance 0.7 m apart. What is the magnitude...
-
As long as a high airspeed is maintained, the aircraft cannot stall while maneuvering. (True/False)
-
Consider the unadjusted trial balance of Kings, Inc., at August 31, 2010, and the related month-end adjustment data. Adjustment data at August 31, 2010 include the following: a. Accrued advertising...
-
7.) 3 pts. Write the RegExp that matches only the complete HEX number of length 3 or 6. Each number should be in its own line. Some good examples are: #1f1f1F, #AFAFAF, #1AFFal, # 222fff, #F00 But...
-
A pump steadily delivers water at a volumetric flow rate of 0.05 m/s through a pipe of diameter 20 cm located 100 m above the inlet pipe, which has a diameter of 15 cm. The pressure is nearly equal...
-
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?
-
The members of the mechanism are pin connected. If a vertical force of 800 N acts at A, determine the angle for equilibrium. The spring is unstretched when = 0. Neglect the mass of the links. B 1 m...
-
What is the output of the following? A. e B. d C. ed D. None of the above 1: public class Legos { 2: 3: 4: 5: 6: 7: 8: 9: } public static void main(String[] args) { var sb = new StringBuilder();...
-
Which is one of the lines output by this code? A. [] B. [8, 10] C. [8, 9, 10] D. [10, 8] E. The code does not compile. 10: var list= new ArrayList (); 11: list.add (10); 12: list.add (9); 13:...
-
What is the result of compiling and executing the following class? A. The code does not compile due to line x. B. The code does not compile due to line y. C. 31 D. 61 public class Tolls { private...
-
What is the output of the following class? A. 2 B. 3 C. 4 D. None of the above 1: package rocket; 2: public class Countdown { 3: 4: 5: 6: 7: 8: } public static void main(String[] args) { var builder...
-
Which of the following can fill in the blank so the code prints true? var happy :) ( "; var really happy.trim(); var question = = System.out.println(really.equals(question)); A. happy.substring(0, B....
-
Effective financial statement analysis requires an understanding of a firms economic characteristics. The relations between various financial statement items provide evidence of many of these...
-
Classify each of the following as direct costs or indirect costs of operating the Pediatrics ward for children at the Cleveland Clinic: a. Wi-Fi covering the entire hospital campus b. Net cost of...
-
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...
-
One Stop Car Wash needs you to create an automated system to keep track of the revenues which are being observed daily. Your assignment is to simulate the traffic through a single car wash booth,...
-
Find the eigenvalues and the corresponding eigenvectors for the following 3x3 matrix. -1 0 A -1 2 0-1
-
(D) What will happen when the following program is compiled and executed? #include int i; void increment( int i) { i++; } int main() { for(i=0; i <10; increment(i)) ( ) printf("%d ", i); return 0; }...
Study smarter with the SolutionInn App