search query: @indexterm PHILOSOPHY / total: 237
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| Author: | Kelso, P. R. Duman, B. L. |
| Title: | A Veblenian view of Minsky's financial crisis theory. |
| Journal: | International Journal of Social Economics
1992 : VOL. 19:10/11/12 p.222-234 |
| Index terms: | FINANCIAL CRISES FINANCIAL THEORY PHILOSOPHY |
| Language: | eng |
| Abstract: | This article argues that Hyman P. Minsky and Thorstein Veblen have most succesfully explained the speculative mania and related excesses that is critical to any theory of financial crises. This has been one of the key issues in business cycle theory. They both emphasize the evolutionary processes of economic processes and the role played by uncertainty. They also stress that money, credit and financial institutes have a critical role in the functioning of the economy. |
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