Minsky on "Big Government"

Revista de Economia Política

Daniel De Santana Vasconcelos¹ 

[1] ,UFRJ Instituto de Economic

关键词: Government;    deficit;    fiscal policy;    financial instability hypothesis;    unemployment;    employer of last resort;   

DOI  :  10.1590/S0101-31572014000100002

来源: SciELO

【 摘 要 】

This paper objective is to assess, in light of the main works of Minsky, his view and analysis of what he called the "Big Government" as that huge institution which, in parallels with the "Big Bank" was capable of ensuring stability in the capitalist system and regulate its inherently unstable financial system in mid-20th century. In this work, we analyze how Minsky proposes an active role for the government in a complex economic system flawed by financial instability.

【 授权许可】

CC BY   
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