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The Rise and Fall of Money Manager Capitalism

Minsky's half century from world war two to the great recession

L Randall Wray author Éric Tymoigne author

Format:Paperback

Publisher:Taylor & Francis Ltd

Published:21st Jan '16

Currently unavailable, and unfortunately no date known when it will be back

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The Rise and Fall of Money Manager Capitalism cover

The book studies the trends that led to the worst financial crisis since the Great Depression, as well as the unfolding of the crisis, in order to provide policy recommendations to improve financial stability. The book starts with changes in monetary policy and income distribution from the 1970s. These changes profoundly modified the foundations of economic growth in the US by destroying the commitment banking model and by decreasing the earning power of households whose consumption has been at the core of the growth process.

The main themes of the book are the changes in the financial structure and income distribution, the collapse of the Ponzi process in 2007, and actual and prospective policy responses. The objective is to show that Minsky’s approach can be used to understand the making and unfolding of the crisis and to draw some policy implications to improve financial stability.

ISBN: 9781138650169

Dimensions: unknown

Weight: 453g

300 pages