Author
Varlik, Serdar
Subject
Business, Economic instability, Economic theory, Hypothesis, Investment, Keynesianism, Liquidity, Market economy, Social sciences
Type
Periodical
Language
Turkish
Digital
Yes
Manuscript
No
Library
University of Washington
Library Asset ID
ISSN: 1309-8012, EISSN: 1309-8012
Record ID
cdi_proquest_miscellaneous_1355849490
Library Location
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Date
Sosyal ve Beşerî Bilimler Dergisi, 1901-01, Vol.11 (22), p.1-27
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.
Sample Text
Sosyal ve Beşerî Bilimler Dergisi, 1901-01, Vol.11 (22), p.1-27
