Why Minsky Matters An Introduction to the Work of a Maverick Economist

A thorough exploration of economist Hyman Minsky’s theories, this book examines how financial instability arises from the interplay of credit cycles, speculative behavior, and regulatory frameworks. It explains Minsky’s core concepts—such as the “financial instability hypothesis,” “hedge,” “speculative,” and “Ponzi” financing—and illustrates their relevance to modern economies through historical case studies and contemporary examples. By linking Minsky’s ideas to current financial crises, the work highlights the importance of proactive policy measures and macroprudential regulation to mitigate systemic risk and promote sustainable economic stability.