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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://masto.ai/users/GhostOnTheHalfShell/statuses/112445761741541868">GhostOnTheHalfShell (ghostonthehalfshell@masto.ai)'s status on Thursday, 16-May-2024 00:30:42 JST</a><a href="https://masto.ai/@GhostOnTheHalfShell" title="ghostonthehalfshell@masto.ai"><img src="https://gnusocial.jp/avatar/35976-48-20230128234645.webp" width="48" height="48" alt="GhostOnTheHalfShell" style="position: absolute; left: 0; top: 0;">GhostOnTheHalfShell</a></section><article><p><a href="https://a.gup.pe/u/economics-that-works">@economics-that-works</a> </p><p><a href="https://masto.ai/tags/SteveKeen" rel="tag">#SteveKeen</a> <a href="https://masto.ai/tags/economics" rel="tag">#economics</a> </p><p>Toothsome 1995 paper. </p><p>Finance and Economic Breakdown: Modeling Minsky's "Financial Instability Hypothesis"</p><p>Minus the math, which can be skipped over, for his discussion, the paper lays out the basics of  modern economics wrt to economic cycles and labor v capitalist v creditor (banks) income. </p><p>It’s the basic model to reason about our economy and its state.</p><p><a href="https://keenomics.s3.amazonaws.com/debtdeflation_media/papers/JPKE1995PageImage9509152794.pdf" rel="nofollow noreferrer">https://keenomics.s3.amazonaws.com/debtdeflation_media/papers/JPKE1995PageImage9509152794.pdf</a></p><p>also on JSTOR</p><p><a href="https://www.jstor.org/stable/4538470" rel="nofollow noreferrer">https://www.jstor.org/stable/4538470</a></p><p>🧵</p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/3094960#notice-6132389">In conversation</a><time datetime="2024-05-16T00:30:42+09:00" title="Thursday, 16-May-2024 00:30:42 JST">about a year ago</time> <span>from <span><a href="https://masto.ai/@GhostOnTheHalfShell/112445761741541868" rel="external" title="Sent from masto.ai via ActivityPub">masto.ai</a></span></span><a href="https://masto.ai/@GhostOnTheHalfShell/112445761741541868">permalink</a></footer></blockquote>

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GhostOnTheHalfShell (ghostonthehalfshell@masto.ai)'s status on Thursday, 16-May-2024 00:30:42 JST GhostOnTheHalfShell
@economics-that-works
#SteveKeen #economics
Toothsome 1995 paper.
Finance and Economic Breakdown: Modeling Minsky's "Financial Instability Hypothesis"
Minus the math, which can be skipped over, for his discussion, the paper lays out the basics of modern economics wrt to economic cycles and labor v capitalist v creditor (banks) income.
It’s the basic model to reason about our economy and its state.
https://keenomics.s3.amazonaws.com/debtdeflation_media/papers/JPKE1995PageImage9509152794.pdf
also on JSTOR
https://www.jstor.org/stable/4538470
🧵
In conversationabout a year ago from masto.aipermalink

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