Author
Varlik, Serdar
Subject
Business, Economic instability, Economic theory, Hypothesis, Investment, Keynesianism, Liquidity, Market economy, Social sciences
Type
Periodical
Language
Turkish
Digital
No
Manuscript
No
Library
Harvard Library
Library Asset ID
ISSN: 1309-8012, EISSN: 1309-8012
Record ID
TN_cdi_proquest_miscellaneous_1355849490
Library Location
CHECK ACCESS OPTIONS
Notes
In this study, effects of Keynes' investment and liquidity preference theories to Minsky's Financial Instability Hypothesis had been examined. Keynes implies that money has been a speculative asset at capitalist economy because of its uncertainity phenomenon. Therefore, uncertainty causes inherently to fluctuations at investment expenditures and liquidity preference. Furthermore, according to Keynes, domination of speculation is inevitable result of uncertainty phenomenon. Foundations of Minsky's Financial Instability Hypothesis depends on these ideas which inherit from Keynes. Minsky's Financial Instability Hypothesis asserts a claim that market economy has been structurally instable.
Parçası olduğu kaynak
Sosyal ve Beşerî Bilimler Dergisi, 1901-01, Vol.11 (22), p.1-27
Kaynak
International Bibliography of the Social Sciences (IBSS)
Başlık
Exploring the traces of Keynes in Minsky's financial instability hypothesis
