The global financial turmoil triggered by the US subprime loan problem still casts a dark shadow over the world economy. Major economic schools cannot avoid taking some blame for being unable to prevent the crisis. Nevertheless, the financial instability hypothesis by heterodox economist Hyman Minsky has been receiving revived attention, and Marxian economics – which was crippled by the collapse of the Soviet Union – is showing signs of revival. The purpose of this paper is to review various schools of economic thought including neoclassical and Marxian economics, discuss their strengths and weaknesses in view of the frequent occurrence of financial crises, and touch on a range and a possibility of post-Keynesian analysis of financial instability.
引用
彦根論叢, 第390号, pp. 148-161
The Hikone Ronso, No.390, pp. 148-161
雑誌名
彦根論叢
号
第390号
ページ
148 - 161
発行年
2011-12
ISSN
0387-5989
書誌レコードID
AN00207196
タイトル(ヨミ)
ポスト ケインズ ハ キンユウ フアンテイセイ ブンセキ ノ シャテイ ト カノウセイ
その他の言語のタイトル
A Range and a Possibility of Post-Keynesian Analysis of Financial Instability