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Why Minsky Matters: An Introduction to the Work of a Maverick Economist

L. Randall Wray

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Princeton University Pres
17 October 2017
Economics & Business; Economic theory & philosophy; Financial crises & disasters
Perhaps no economist was more vindicated by the global financial crisis than Hyman P. Minsky (1919-96). Although a handful of economists raised alarms as early as 2000, Minsky's warnings began a half-century earlier, with writings that set out a compelling theory of financial instability. Yet even today he remains largely outside mainstream economi
By:   L. Randall Wray
Imprint:   Princeton University Pres
Country of Publication:   United States
Dimensions:   Height: 216mm,  Width: 140mm, 
Weight:   454g
ISBN:   9780691178400
ISBN 10:   0691178402
Pages:   288
Publication Date:   17 October 2017
Audience:   General/trade ,  Professional and scholarly ,  ELT Advanced ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active

L. Randall Wray is professor of economics at Bard College, senior scholar at the Levy Economics Institute of Bard College.

Reviews for Why Minsky Matters: An Introduction to the Work of a Maverick Economist

An accessible introduction to the economist who saw the global financial crisis coming. --Bookseller Buyer's Guide Written in clear prose, with Minsky's idiosyncratic ideas and language patiently explained ... [this book] provides the best general introduction to Minsky's economics. --Edward Chancellor,Reuters Breaking Views I came away from the book with considerably more understanding of Minsky's views and a greater respect for them. --Arnold Kling, Econlib [A] crystal-clear summary of Minsky's life's work... While Minsky is now quite well known, his contributions are still widely ignored or misunderstood. This makes Wray's book a godsend... By making his insights accessible to a general audience for the first time, Wray's book has the potential to transform the future of economic policymaking and, with it, to create a better life for future generations. --Victoria Bateman,Times Higher Education A useful and accessible overview of both what Minsky said and--as the title puts it--why it matters. --Diane Coyle, The Enlightened Economist blog Why Minsky Matters ... brings together the maverick economist's work in a more accessible form. --Ishan Bakshi, Business Standard Why Minsky Mattersserves up a rich variety of concepts that will stimulate and inform anyone concerned about the fate of the economy. If you want to know where we are going, it helps to know where we have come from, andWhy Minsky Mattersprovides an essential road map for that journey--past, present, and future. --Financial Analysts Journal A highly readable overview of the contributions of Hyman Minsky, and justifies the title as to how Minsky matters. --Malcolm Sawyer, Journal of Economic Literature One might think this book is a biography of the economist Hyman Minsky, but it is much more than that. In a thoroughly engaging, elucidating way, the author summarizes macroeconomic theories from Adam Smith to Keynes and the present. --Choice A fine book that successfully brings Minsky's great contributions to our attention again. If there should be an after-life, one of its purest pleasures for me would be to have the chance to discuss monetary analysis with Hyman Minsky for a sizeable chunk of eternity. Wray's book gives a foretaste of such heavenly interaction. --Charles Goodhart, European Journal of the History of Economic Thought


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