Your price
RRP: £90.00
Save £24.27 (27%)
Dispatched within 2-3 working days.

Finance, Investment and Economic Fluctuations

An Analysis in the Tradition of Hyman P.Minsky. Elgar Monographs

By (author) Eric Nasica
Translated by C. Dangel
Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 25th May 2000
Dimensions: w 156mm h 234mm d 1270mm
Weight: 532g
ISBN-10: 1858988969
ISBN-13: 9781858988962
Barcode No: 9781858988962
Recent outbreaks of financial instability have spurred new interest in the works of the late Hyman P. Minsky who made path-breaking contributions to our understanding of contemporary market economies. This book provides an innovative tribute to Minsky's work and sheds new light on the nature of economic fluctuations and financial instability. Eric Nasica provides a contemporary analysis of the relationship between finance, investment and fluctuations. He focuses on the contributions of Hyman P. Minsky and, in particular, on his financial instability hypothesis. He also examines more recent models of financial instability, based on dynamic non-linear and asymmetric information, but finds that they are unable to account adequately for the behaviours of agents in situations of uncertainty and for the role of institutions in the unfolding of fluctuations. Minsky's theory of fluctuations accounts for these factors in the role of "institutional dynamics". Finally, the author compares fluctuations and finds that they have a similar approach to uncertainty and macroeconomic instability. "Finance, Investment and Economic Fluctuations" should prove valuable to scholars of macroeconomics and finance.

New & Used

Seller Information Condition Price

What Reviewers Are Saying

Be the first to review this item. Submit your review now