Tag Archives: Financial Instability Hypothesis

Connecting the Instability of Markets and Ecosystems – C.S. Holling and Hyman Minsky

Both markets and ecosystems can, and have, been viewed as being shaped by feedback processes that push them towards a steady state – in markets this is the “invisible hand” – in ecology it is “succession.”  However, what has been … Continue reading

Posted in Ecological Economics, Regime Shifts, Reorganization | Tagged , , , , , , | Leave a comment

Minsky’s Financial Instability Hypothesis

Historian Stephen Mihm writes in the Boston Review on Hyman Minsky‘s work on the unstable dynamics of capitalism in Why capitalism fails: Minsky called his idea the “Financial Instability Hypothesis.” In the wake of a depression, he noted, financial institutions … Continue reading

Posted in Reorganization | Tagged , , , , , | Leave a comment