Hyman Minsky

Hyman Minsky
Born	Hyman Philip Minsky (1919-09-23)September 23, 1919 Chicago, Illinois
Died	October 24, 1996(1996-10-24) (aged 77) Rhinebeck, New York
Nationality	American
Academic career
Field	Macroeconomics
School or tradition	Post-Keynesian economics
Alma mater	University of Chicago (B.S.) Harvard University (M.P.A./Ph.D.)
Doctoral advisor	Joseph Schumpeter Wassily Leontief
Doctoral students	Mauro Gallegati L. Randall Wray
Influences	Henry Simons Karl Marx Joseph Schumpeter Wassily Leontief Michał Kalecki John Maynard Keynes Irving Fisher Abba Lerner
Contributions	Financial instability hypothesis Minsky moment
Information at IDEAS / RePEc

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Hyman Philip Minsky (September 23, 1919 – October 24, 1996) was an American economist, a professor of economics at Washington University in St. Louis, and a distinguished scholar at the Levy Economics Institute of Bard College. His research attempted to provide an understanding and explanation of the characteristics of financial crises, which he attributed to swings in a potentially fragile financial system. Minsky is sometimes described as a post-Keynesian economist because, in the Keynesian tradition, he supported some government intervention in financial markets, opposed some of the financial deregulation of the 1980s, stressed the importance of the Federal Reserve as a lender of last resort and argued against the over-accumulation of private debt in the financial markets.^[1]

Minsky's economic theories were largely ignored for decades, until the subprime mortgage crisis of 2008 caused a renewed interest in them.^[2]