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John Maynard Keynes
by Hyman Minsky
from McGraw-Hill
Customer Reviews:
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Avg. Customer Rating: 4.5 / 5.0 
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A Book on Financial Instability 
This is a great book. But it is a book about the views of Minsky, and not really on Keynes. The first chapter examines the way in which Keynes' 1936 book was received and interpreted, and Minsky's explanation is for the most part correct, namely, that Keynes' work represents more a revolution than an extension of "classical" economics. However, as is argued throughout Minsky's book, The General Theory contained only "the seeds for a deep intellectual revolution in economics and in the economists' view of... more info
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Minsky understood the importance that uncertainty played in the GT but never grasped the technical details in chapters 20and 21 
This book contains an excellent summary of what Keynes emphasized in the GT -the impact of uncertainty on long run investment spending,on the rate of interest(liquidity preference and the speculative demand for money),and the subsequent dominating role that various forms of speculation,based on margin account financing and leveraging,would obtain periodically in financial markets both in the USA and the world.
The main criticism of the book is that Minsky had absolutely no idea about the technical... more info
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