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L. Randall Wray is professor of economics at Bard College, senior scholar at the Levy Economics Institute of Bard College.
Perhaps no economist was more vindicated by the global financial crisis than Hyman P. Minsky (1919–96). Although a handful of economists raised alarms as early as 2000, Minsky's warnings began a half-century earlier, with writings that set out a compelling theory of financial instability. Yet even today he remains largely...
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