The Bailout State
Martijn Konings | June 30, 2026
How did we end up in a world where social programs are routinely cut in the name of market discipline and fiscal austerity, yet large banks get bailed out whenever they get into trouble?
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Posts Tagged ‘Hyman Minsky’
The Unknown Hyman Minsky
Martijn Konings | September 18, 2018
If there is one theme that unites the various critiques of contemporary finance, it is the emphasis on its speculative character. Financial growth is said to be driven not by the logic of efficient markets, but rather by irrational sentiment, “animal spirits” that do not respect fundamental [...]
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When Minsky meets complexity
Kimberley Yoo | March 29, 2018
My thesis ‘Time to Rebuild and Reaggregate Fluctuations’ stands on the shoulders of giants; giants like J. Barkley Rosser Jr. and Basil Moore, who worked to close the gap between complex systems science and Post Keynesian economics. The thesis builds on this effort by using Hyman P. Minsky’s [...]
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Reading The Making of Modern Finance as an Invitation to Critical Uses of History
Christine Desan | November 8, 2015
Samuel Knafo aims at a difficult target in his splendid new book, The Making of Modern Finance. His goal is to demolish the almost intractable assumption so frequently attached to liberal financial governance – the notion that the state is essentially a reactive actor, one that [...]
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