{"product_id":"john-maynard-keynes-paperback","title":"John Maynard Keynes - Paperback","description":"\u003cp\u003eby \u003cb\u003eHyman Minsky\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003e\"Today, Mr. Minsky's view  of economics] is more relevant than ever.\"- \u003ci\u003eThe New York Times\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"Indeed, the Minsky moment has become a fashionable catch phrase on Wall Street.\"-\u003ci\u003eThe Wall Street Journal\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eJohn Maynard Keynes\u003c\/i\u003e offers a timely reconsideration of the work of the revered economics icon. Hyman Minsky argues that what most economists consider Keynesian economics is at odds with the major points of Keynes's \u003ci\u003eThe General Theory of Employment, Interest, and Money\u003c\/i\u003e. Keynes and Minsky refuse to ignore pervasive uncertainty. Once uncertainty is given center stage, recurring episodes of financial system crises are all but inescapable. As Robert Barbera notes in a new preface, \"Benign economic circumstances...invite increasingly aggressive financial market wagers. Innovation in finance is a signature development in a capitalist economy. Once leveraged wagers are in place, small disappointments can have exaggerated consequences.\" Thus for Minsky economic calm on Main Street engenders financial system fragility which, in turn, ensures a perpetuation of boom and bust cycles.\u003c\/p\u003e \u003cp\u003eMinsky colleagues Dimitri B. Papadimitriou and L. Randall Wray write in a new introduction, \"We offer this new edition, in the hope that it will contribute to the reformation of economic theory so that it can address the world in which we actually live-the world that was always the topic of Minsky's analysis.\" \u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eHyman P. Minsky, Ph.D.\u003c\/b\u003e, was the first to explain how uncertainty, risk, and financial markets drive the economy. He was a distinguished scholar at The Levy Economics Institute of Bard college, and taught at Washington University for 25 years.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 181\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.5 x 9.01 x 6.32 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e May 07, 2008\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":42724872028223,"sku":"9780071593014","price":37.2,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0105\/8226\/1823\/files\/391c6038daa2cadb2c1c834e7fdafd84.webp?v=1765104222","url":"https:\/\/dhlswag.com\/products\/john-maynard-keynes-paperback","provider":"BBB","version":"1.0","type":"link"}