What is Minsky All About, Anyway? Korkut Ertürk and Gökcer Özgür

The current financial crisis has been interpreted as the fulfillment of Hyman P. Minsky’s predictions by many, while others have opposed this suggestion. In this paper, the author tries to sketch uot an alternative understanding of Minsky as an evolving research agenda. He arugues that if Minskyan work means solely his own writings and their restatement, then, those who refute this current crisis as Minsky’e prediction are probably right – one cannot help but focus on what is different about the current crisis. But, if instead Minksyan refers to an evolving literature that emanate from but transcend his work, their arguments miss their mark.

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