Talk:Hyman Minsky

I think I spotted a mistake

Isn't this sentence :"Speculative finance units are units that can meet their payment commitments on 'income account' on their liabilities, even as they cannot repay the principal out of income cash flows. Such units need to 'roll over' their liabilities: (e.g. issue new debt to meet commitments on maturing debt). Governments with floating debts, corporations with floating debts of commercial paper, and banks are typically hedge units." supposed to be ending with "speculative units" and not like was written above? didn't want to edit myself, so if someone monitors this, I think this should be fixed. —Preceding unsigned comment added by 84.228.108.133 (talk) 08:02, 13 June 2009 (UTC)

Austrian or Keynesian

Why is this guy labeled an Austrian economist when his biography specifically says, "Radical Keynesian"? Fephisto 14:17, 3 April 2007 (UTC)

The African country is Kenya :-> --Gf1961 15:55, 17 October 2007 (UTC)

He's not Chinesian either. --Gf1961 15:57, 17 October 2007 (UTC)

Keynesian means that he is a follower of John Maynard Keynes' economic theories, not his nationality —Preceding unsigned comment added by 174.117.194.47 (talk) 15:17, 13 June 2009 (UTC)

subprime crisis

there needs to be more explanation as to the point behind his categorization system of borrowers. why is this relevent to the crisis? vroman (talk) 16:38, 4 October 2008 (UTC)

I added a section that addresses this in June 09.Farcaster (talk) 18:13, 13 June 2009 (UTC)

Block quote

It would probably be a good idea to make that block quote shorter. Right now it's just to big of a portion of the article - we might as well make the whole thing one big Minsky quote. Should be trimmed down just to capture the gist of it.radek (talk) 06:51, 19 February 2009 (UTC)

Somebody's comment

I've moved the comment below by Hiarnab from the article to here. Nunquam Dormio (talk) 15:02, 13 April 2009 (UTC)

The article says that according to Minsky there are three kinds of borrowers who contribute to insolvent debt - hedge borrowers, speculative borrowers and Ponzi borrowers. However hedge borrowers do not accumulate insolvent debt since they are ones who have the capacity to pay off the debt. Hence the word "insolvent" before debt is inappropriate.

Note: The article says that according to Minsky there are three kinds of borrowers who contribute to insolvent debt - hedge borrowers, speculative borrowers and Ponzi borrowers. However hedge borrowers do not accumulate insolvent debt since they are ones who have the capacity to pay off the debt. Hence the word "insolvent" before debt is inappropriate.

Taken from the New York Times?

Wikipedia: "It was at the University of California at Berkeley that seminars attended by Bank of America executives helped him to develop his theories about lending and economic activity, views he laid out in two books John Maynard Keynes (1975), a classic study of the economist and his contributions, and Stabilizing an Unstable Economy (1986), and more than a hundred professional articles."

http://www.nytimes.com/1996/10/26/us/h-p-minsky-77-economist-who-decoded-lending-trends.html NYT: "It was at Berkeley that seminars attended by Bank of America executives helped him to develop his theories about lending and economic activity, views he laid out in two books: John Maynard Keynes (Columbia University Press, 1975) and Stabilizing an Unstable Economy (Yale University Press, 1986)." —Preceding unsigned comment added by 96.238.210.196 (talk) 10:37, 4 May 2009 (UTC)

You're right - most of the Financial Theory section is lifted from the NYT obituary referred to in the article. This is unfortunate and demands a rewrite. Miguel (talk) 13:15, 19 May 2010 (UTC)

fraudulent?

I'm troubled by this sentence: " Because of the unlikelihood of most investments' capital gains being enough to pay interest and principal, much of this type of finance is fraudulent", in particular, the word " fraudulent", in this section.

I read "The Financial Instability Hypothesis, where the three types are borrowing are explained. While it is clear that Minsky is expressing concern about the impact of the Ponzi borrower, I see nothing to support the contention he views it as predominantly or inherently fraudulent. I think a better term is "ill-advised" or "irrationally optimistic", but even those terms might require OR or unwarrented synthesis to include. Is there some support for "fraudulent" I've missed? If no, can this be repaired with a softer term. or would it be better to simply remove the sentence?--SPhilbrick(Talk) 15:02, 22 December 2011 (UTC)

Clearer

I think this BBC article captures Minsky's central idea more clearly than we do here. Onanoff (talk) 04:34, 24 March 2014 (UTC)

Assessment comment

The comment(s) below were originally left at Talk:Hyman Minsky/Comments, and are posted here for posterity. Following several discussions in past years, these subpages are now deprecated. The comments may be irrelevant or outdated; if so, please feel free to remove this section.

Thank you very much for this article. I have been looking at which Economists are worthy of reading (or re-reading)and you have certainly given me one. Maynardphile (talk) 21:24, 14 December 2008 (UTC)

Last edited at 21:24, 14 December 2008 (UTC). Substituted at 18:35, 29 April 2016 (UTC)

Software for Minsky

Should the information be updated for Minsky software

The Minsky system dynamics program is available for with additional features for economics, from sourceforge.net

SourceForge as source for Minsky analysis software

Pwparker (talk) 05:54, 11 July 2016 (UTC)Pwparker

References

Dr. Carbo Valverde's comment on this article

Dr. Carbo Valverde has reviewed this Wikipedia page, and provided us with the following comments to improve its quality:

The contents are correct and most of the relevant issues are included. In the initial general description, I would refer to the “Minsky moment”. The concept is defined later on but I think it would be a good idea to mentioning since the very beginning. I would also probably refer to the fact that the Minksy theories have been resumed during the last financial crisis and this has been probably the time when they have got their greatest relevance.

We hope Wikipedians on this talk page can take advantage of these comments and improve the quality of the article accordingly.

We believe Dr. Carbo Valverde has expertise on the topic of this article, since he has published relevant scholarly research:

• Reference : Carbo-Valverde, Santiago & Marques-Ibanez, David & Rodriguez Fernandez, Francisco, 2011. "Securitization, bank lending and credit quality: the case of Spain," Working Paper Series 1329, European Central Bank.

ExpertIdeasBot (talk) 15:25, 11 July 2016 (UTC)

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