Toporowski, Jan (2010) 'Henry Simons and the Other Minsky Moment.' Studi e Note di Economia, 15 (3). pp. 363-368.
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Abstract
This paper examines the influence of Henry Simons on Hyman Minsky. Simons' proposals for banking reform are contrasted with Minsky's alternative 'big bank' and 'big government' programme for stabilising the economy. The paper concludes by arguing that Simons' proposals for stabilising banking would have prevented a credit bubble, but would not avoid economic instability. Nevertheless, Minsky remained an admirer of Simons’ ‘banking’ approach to the study of capitalism.
| Item Type: | Journal Article |
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| Keywords: | Minsky Simons Friedman Banking |
| SOAS Departments & Centres: | Departments and Subunits > Department of Economics Legacy Departments > Faculty of Law and Social Sciences > Department of Economics |
| ISSN: | 15900401 |
| Date Deposited: | 13 Mar 2012 15:34 |
| URI: | https://eprints.soas.ac.uk/id/eprint/13285 |
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