{"id":14497,"date":"2019-12-10T15:36:24","date_gmt":"2019-12-10T20:36:24","guid":{"rendered":"http:\/\/multiplier-effect.org\/?p=14497"},"modified":"2019-12-10T15:36:24","modified_gmt":"2019-12-10T20:36:24","slug":"minsky-explains-financial-instability","status":"publish","type":"post","link":"https:\/\/blogs.bard.edu\/multiplier-effect\/minsky-explains-financial-instability\/","title":{"rendered":"Minsky Explains Financial Instability"},"content":{"rendered":"<p>In this rare video from 1987 (there is very little surviving footage of Minsky discussing his work), Hyman Minsky summarizes his theory of the financial fragility at the heart of modern capitalist economies:<\/p>\n\n<!-- iframe plugin v.6.0 wordpress.org\/plugins\/iframe\/ -->\n<iframe loading=\"lazy\" width=\"486\" height=\"364\" src=\"https:\/\/www.youtube.com\/embed\/9mHBrixVarU\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" 0=\"allowfullscreen&gt;&lt;\/iframe\" scrolling=\"yes\" class=\"iframe-class\"><\/iframe>\n\n<p>This was part of an event in Bogot\u00e1, Colombia (which is discussed in <a href=\"http:\/\/www.levyinstitute.org\/publications\/two-harvard-economists-on-monetary-economics-lauchlin-currie-and-hyman-minsky-on-financial-systems-and-crises\">this working paper<\/a> by Iv\u00e1n D. Velasquez).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this rare video from 1987 (there is very little surviving footage of Minsky discussing his work), Hyman Minsky summarizes his theory of the financial fragility at the heart of modern capitalist economies: This was part of an event in Bogot\u00e1, Colombia (which is discussed in this working paper by Iv\u00e1n D. Velasquez).<\/p>\n","protected":false},"author":202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[1129,293,415,344],"class_list":["post-14497","post","type-post","status-publish","format-standard","hentry","category-financial-crisis","tag-financial-crisis","tag-financial-fragility","tag-financial-instability-hypothesis","tag-hyman-minsky"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/14497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/users\/202"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/comments?post=14497"}],"version-history":[{"count":8,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/14497\/revisions"}],"predecessor-version":[{"id":14505,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/14497\/revisions\/14505"}],"wp:attachment":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/media?parent=14497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/categories?post=14497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/tags?post=14497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}