{"id":2580,"date":"2011-11-16T11:17:25","date_gmt":"2011-11-16T16:17:25","guid":{"rendered":"http:\/\/www.multiplier-effect.org\/?p=2580"},"modified":"2011-11-16T14:19:12","modified_gmt":"2011-11-16T19:19:12","slug":"among-the-minskyans","status":"publish","type":"post","link":"https:\/\/blogs.bard.edu\/multiplier-effect\/among-the-minskyans\/","title":{"rendered":"Among the Minskyans"},"content":{"rendered":"<p>Dan Monaco, writing for <a href=\"http:\/\/www.thestraddler.com\/20118\/piece3.php\"><em>The Straddler<\/em><\/a>, attended this year&#8217;s Minsky Summer Seminar at the Levy Institute and put together an engrossing (and accessible) article that looks at the work of Hyman Minsky, paying particular attention to Minsky&#8217;s interpretation of Keynes (including his views about the misinterpretation of Keynes by mainstream economics).\u00a0 The article is sprinkled with excerpts from Monaco&#8217;s interview of Dimitri Papadimitriou:<\/p>\n<blockquote><p>\u201cEconomists have lost their credibility because they do not actually deal with the real world,\u201d Dimitri Papadimitriou, President of the Levy Institute, told me in my conversation with him. &#8230;<\/p>\n<p>\u201cMinsky was in some ways a pioneer. He saw that economic theory assumed that everything is known and that there is some tendency of the system to reach for equilibrium and, at times, to reach periods of \u2018tranquility,\u2019 as he preferred to call them. Of course, he never believed that stability was possible. He didn\u2019t believe in the invisible hand. There\u2019s a reason why it\u2019s invisible\u2014because it\u2019s not there.\u201d<\/p><\/blockquote>\n<p>Read the entire thing <a href=\"http:\/\/www.thestraddler.com\/20118\/piece3.php\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dan Monaco, writing for The Straddler, attended this year&#8217;s Minsky Summer Seminar at the Levy Institute and put together an engrossing (and accessible) article that looks at the work of Hyman Minsky, paying particular attention to Minsky&#8217;s interpretation of Keynes (including his views about the misinterpretation of Keynes by mainstream economics).\u00a0 The article is sprinkled [&hellip;]<\/p>\n","protected":false},"author":202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,25],"tags":[34,30],"class_list":["post-2580","post","type-post","status-publish","format-standard","hentry","category-economic-policy","category-levy-institute","tag-keynes","tag-minsky"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/2580","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=2580"}],"version-history":[{"count":19,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/2580\/revisions"}],"predecessor-version":[{"id":2614,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/2580\/revisions\/2614"}],"wp:attachment":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/media?parent=2580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/categories?post=2580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/tags?post=2580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}