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Tag Archives: Hyman Minsky
The Validity Limits of the Classical (Neoclassical) Economic Theory
Each scientific theory has limits (range) of validity. The economic theory is no exception. Many seemingly irreconcilable views on the economy could be resolved if the authors concentrated more on this issue. Both major schools of thought (Neoclassical and Keynesian) … Continue reading
Can We Discern the Naissance of a New Housing Bubble?
In my post “Asset Bubble Microeconomics: a Peculiar Demand and Supply Diagram” I’ve argued that in a housing bubble the demand curve is upward sloping, positioning itself below the supply curve at the boom phase and shifting to the position above … Continue reading
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