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Hyman Minsky

The Robots Are Coming! The Robots Are Coming!

Robert Kuttner | Posted 05.25.2015 | Politics
Robert Kuttner

Robots have indeed eliminated a great deal of factory work and are rapidly moving on to product design, medical diagnostics, research, teaching, accounting, translating, copy editing, and a great deal more. Once-secure professions are no longer safe. From that, many economists conclude that we may just have to adjust to a high plateau of unemployment. That assumption is malarkey.

My Talk With Michael Hudson, Part 3

Michael W. Hudson | Posted 05.25.2011 | Business
Michael W. Hudson

However preordained the financial crisis was, it's remarkable how long its architects kept the game going. They managed to sustain the unsustainable for five years -- roughly from 2002 into late 2006.

Soros Battles Free Market Zealots With New Fund, Economic Journal: Newsweek | Michael Hirsh | Posted 05.25.2011 | Business

Large swaths of economics are going to have to be rethought on the basis of what's happened." So said Larry Summers, President Obama's chief economic ...

Missing Minsky

John Tepper Marlin | Posted 05.25.2011 | Business
John Tepper Marlin

Hyman Minsky didn't live to see how closely this year's meltdowns would follow his predicted scenario, with the Lehman failure being one of several clear Minsky moments.