Steve Keen on Non-Equilibrium Economics: Lecture 4

This is Lec­ture 4 (“Mod­el­ing Minsky’s Finan­cial Insta­bil­ity Hypothesis”) of a series of 5 lectures by Steve Keen on non-equilibrium economics, given in Quito (Ecuador) at FLACSO (the Latin American Social Sciences Institute) in September, 2013.

Here Steve Keen models the “Great Mod­er­a­tion” and subsequent eco­nomic breakdown with Hyman Minsky’s finan­cial insta­bil­ity hypothesis.