At the height of the financial crisis in 2008, the late Queen Elizabeth II asked economists at the London School of Economics the obvious question “why did nobody notice it?”. Doubtless there was much muttering and shuffling of feet at that point but there was at least one economist who had predicted what would happen (albeit some years earlier), namely Hyman P. Minsky. Before the Credit Crunch Minsky had been largely ignored by mainstream economists but now was his “Minsky Moment”. His slogan that “stability created instability” was now taken up with some enthusiasm; his recommendation that it was essential that governments tightly regulated financial markets perhaps less so. In this first episode of Season Seven, your friendly neighbourhood economists, Pete and Gav explore Minksy’s life and ideas and explain what a ‘Minsky Moment’ is.
Climate Crisis
Macro n Cheese – Event Horizon: A Climate In Crisis with Steve Keen
If you thought you understood the urgency of climate change, our guest, Professor Steve Keen, will shatter those illusions. We’ll be straight with you, this is not an easy episode to hear – but you […]
Economics
Steve Keen – Flaws of the euro
Cafe Weltschmerz is a Dutch discussion forum which interviews a very wide range of speakers for a predominantly Dutch audience. This is Steve´s second interview on the Cafe, conducted by Paul Buitink They covered a […]
Economics
Renegade Inc – Andrew Ross: You are not a loan
It was the German philosopher and economist Karl Marx who said that “There must be something rotten at the very core of a social system which increases its wealth without diminishing its misery.” Today there […]
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