Stabilizing an Unstable Economy

Nizam Ali
Mind Map by Nizam Ali, updated more than 1 year ago
Nizam Ali
Created by Nizam Ali almost 7 years ago
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Description

Stabilizing an Unstable Economy - Minsky Mind Map on Stabilizing an Unstable Economy, created by Nizam Ali on 05/11/2013.

Resource summary

Stabilizing an Unstable Economy
1 Our Economy
1.1 Flawed due to Economic Instability

Annotations:

  • Flaw of Capitalism:  Capitalism cannot function if it oscillates between threats of imminent collapse of asset prices and employment and inflation and rampant speculation
1.1.1 Neoclassical model Flawed

Annotations:

  • Cannot explain economic instability.  Fails to explain how financial crisis can emerge out of the normal functioning economy and why the economy of one period is susceptible to crisis while an economy of another is not
1.1.2 Caused by Internal Processes of our type of economy
1.2 Economic Institutions
1.3 Social Organization
2 Goal of Book
2.1 Agenda for Reform

Annotations:

  • Agenda for reforming our malfunctioning economy
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