Saturday, September 8, 2012

Steve Keen on Hyman Minsky

Steve Keen is interviewed in a “From Alpha to Omega” podcast I have posted below, in which the conversation includes the idea of a debt jubilee and Hyman Minsky’s work. The interview begins at 3.12.

Of interest is Steve Keen’s warning that Stabilizing an Unstable Economy (1986) is Minsky’s worst work. The best treatment of the financial instability hypothesis is Minsky’s John Maynard Keynes (2008 [1975]) and Can “It” Happen Again?: Essays on Instability and Finance (1982).


Minsky, H. P. 1982. Can “It” Happen Again?: Essays on Instability and Finance. M.E. Sharpe, Armonk, N.Y.

Minsky, H. P. 1986. Stabilizing an Unstable Economy. Yale University Press, New Haven and London.

Minsky, H. P. 2008 [1975]. John Maynard Keynes. McGraw-Hill, New York and London.


  1. I dont share Keen's opinions on Stablizing an Unstable Economy. It is indeed a great book, have you read it LK?

  2. Totally disagree. JMK etc. are more "model-oriented". SUE is more institutional. The latter is far more nuanced, but is less conducive to modelling. Hence, why Keen prefers the former.

  3. Jan said: I completly agree with Steve Keen on that.The best books by Hyman Minsky is with no doubt his "John Maynard Keynes (1975)and his "Can It Happen Again?" (1982).