Minsky on "Big Government"

This paper objective is to assess, in light of the main works of Minsky, his view and analysis of what he called the "Big Government" as that huge institution which, in parallels with the "Big Bank" was capable of ensuring stability in the capitalist system and regulate its inher...

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Main Author:	Daniel de Santana Vasconcelos
Format:	Article
Language:	English
Published:	Editora 34 2014-03-01
Series:	Brazilian Journal of Political Economy
Subjects:	Government deficit fiscal policy financial instability hypothesis unemployment employer of last resort
Online Access:	http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572014000100002&lng=en&tlng=en

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spelling	doaj-28800e108709494ca4c23208462b2fd52020-11-25T01:41:11ZengEditora 34Brazilian Journal of Political Economy1809-45382014-03-01341153810.1590/S0101-31572014000100002S0101-31572014000100002Minsky on "Big Government"Daniel de Santana Vasconcelos0Universidade Federal do Rio de JaneiroThis paper objective is to assess, in light of the main works of Minsky, his view and analysis of what he called the "Big Government" as that huge institution which, in parallels with the "Big Bank" was capable of ensuring stability in the capitalist system and regulate its inherently unstable financial system in mid-20th century. In this work, we analyze how Minsky proposes an active role for the government in a complex economic system flawed by financial instability.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572014000100002&lng=en&tlng=enGovernmentdeficitfiscal policyfinancial instability hypothesisunemploymentemployer of last resort
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Daniel de Santana Vasconcelos
spellingShingle	Daniel de Santana Vasconcelos Minsky on "Big Government" Brazilian Journal of Political Economy Government deficit fiscal policy financial instability hypothesis unemployment employer of last resort
author_facet	Daniel de Santana Vasconcelos
author_sort	Daniel de Santana Vasconcelos
title	Minsky on "Big Government"
title_short	Minsky on "Big Government"
title_full	Minsky on "Big Government"
title_fullStr	Minsky on "Big Government"
title_full_unstemmed	Minsky on "Big Government"
title_sort	minsky on "big government"
publisher	Editora 34
series	Brazilian Journal of Political Economy
issn	1809-4538
publishDate	2014-03-01
description	This paper objective is to assess, in light of the main works of Minsky, his view and analysis of what he called the "Big Government" as that huge institution which, in parallels with the "Big Bank" was capable of ensuring stability in the capitalist system and regulate its inherently unstable financial system in mid-20th century. In this work, we analyze how Minsky proposes an active role for the government in a complex economic system flawed by financial instability.
topic	Government deficit fiscal policy financial instability hypothesis unemployment employer of last resort
url	http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572014000100002&lng=en&tlng=en
work_keys_str_mv	AT danieldesantanavasconcelos minskyonbiggovernment
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Minsky on "Big Government"

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