Henry Simons and the Other Minsky Moment

Main author: Toporowski, Jan
Format: Journal Article           
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id eprints-13285
recordtype eprints
institution SOAS, University of London
collection SOAS Research Online
language English
language_search English
description 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.
format Journal Article
author Toporowski, Jan
author_facet Toporowski, Jan
authorStr Toporowski, Jan
author_letter Toporowski, Jan
title Henry Simons and the Other Minsky Moment
publisher Banca Monte dei Paschi di Siena
publishDate 2010
url https://eprints.soas.ac.uk/13285/