LEADER 03918oam 2200673I 450 001 9910452783203321 005 20200520144314.0 010 $a1-138-65016-1 010 $a0-203-71729-5 010 $a1-135-07665-0 024 7 $a10.4324/9780203717295 035 $a(CKB)2550000001106088 035 $a(EBL)1323319 035 $a(OCoLC)854977117 035 $a(SSID)ssj0001043390 035 $a(PQKBManifestationID)12447790 035 $a(PQKBTitleCode)TC0001043390 035 $a(PQKBWorkID)11075950 035 $a(PQKB)11161179 035 $a(OCoLC)859160010 035 $a(MiAaPQ)EBC1323319 035 $a(Au-PeEL)EBL1323319 035 $a(CaPaEBR)ebr10737862 035 $a(CaONFJC)MIL506447 035 $a(EXLCZ)992550000001106088 100 $a20180706d2014 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe rise and fall of money manager capitalism $eMinsky's half century from World War Two to the great recession /$fEric Tymoigne and L. Randall Wray 210 1$aLondon ;$aNew York :$cRoutledge,$d2014. 215 $a1 online resource (312 p.) 225 0 $aRoutledge critical studies in finance and stability ;$v3 300 $aDescription based upon print version of record. 311 $a0-415-59193-7 311 $a1-299-75196-2 320 $aIncludes bibliographical references and index. 327 $aCover; The Rise and Fall of Money Manager Capitalism; Title page; Copyright Page; Table of Contents; List of figures; List of tables; Acknowledgments; Introduction: the growth of financial fragility and the Great Recession; 1 The Minskian framework; The nature of capitalism; The Financial Instability Hypothesis; Different forms of capitalism: Minsky's stages approach; Broad policy implications; Conclusion; 2 From Managerial Capitalism to Money Manager Capitalism; Prior to the 1970s: Managerial Capitalism; Money Manager Capitalism; Conclusion 327 $a3 The Great Moderation and the growth of Ponzi financeEconomic expansion and growing private debt: the 1990s; Government policies and the growth of Ponzi finance; Decline in the quality of debts: the growth of Ponzi finance through underwriting; The crisis and response; 4 Policy implications for finance; Detecting financial fragility: definition and measurement; Financial fragility and financial reform; Conclusion; 5 Policy implications for employment; The lost commitment to full employment; The Job Guarantee: program design and benefits; Conclusion; Conclusion: the Minsky half century 327 $aAppendix: adjusted L5 dataNotes; References; Index 330 $a

The book studies the trends that led to the worst financial crisis since the Great Depression, as well as the unfolding of the crisis, in order to provide policy recommendations to improve financial stability. The book starts with changes in monetary policy and income distribution from the 1970s. These changes profoundly modified the foundations of economic growth in the US by destroying the commitment banking model and by decreasing the earning power of households whose consumption has been at the core of the growth process.

The main themes of the book are the changes in the f 410 0$aRoutledge Critical Studies in Finance and Stability 606 $aGlobal Financial Crisis, 2008-2009 606 $aFinancial crises$xMathematical models 608 $aElectronic books. 615 0$aGlobal Financial Crisis, 2008-2009. 615 0$aFinancial crises$xMathematical models. 676 $a338.542 700 $aTymoigne$b Eric$f1976-,$0886345 701 $aWray$b L. Randall$f1953-$0125495 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910452783203321 996 $aThe rise and fall of money manager capitalism$91979299 997 $aUNINA