Stabilizing an unstable economy.

Summary The back cover states: "Why do our economies face ever more frequent and violent crises? Why do a series of speculative bubbles form and then burst, with disastrous economic and social consequences? For Hyman Minsky, who has studied these questions all his life, the answer is straightforward: our economic system is intrinsically unstable. The very dynamics of the system create crises, and it is in the calmest and most prosperous times that crises are brewing. Against the tide of his era, the 1980s, the American economist was little heard during his lifetime. It was not until the subprime crisis that his work was picked up by the international press. In this essential book, by returning to the great macroeconomics and a rigorous interpretation of Keynes, Minsky helps us understand the causes of this instability, but also how to remedy it while regaining full employment.