Why Minsky Matters

"Ever since the climax of the financial crisis in 2008-09, Hyman Minsky has become an iconic point of reference. Why Minsky Matters renders the authentic Minsky accessible to a wide readership for the first time. L. Randall Wray has a comprehensive grasp of Minsky's thought, and the capacity to express it in a compact, highly readable fashion. This is a book of rare clarity, importance, and usefulness."--James K. Galbraith, author of The End of Normal: The Great Crisis and the Future of Growth"Hyman Minsky is the most important economist since Keynes, yet it's virtually impossible to find any books about him. Why Minsky Matters should be read not just by anyone who wants to understand Minsky, but anyone who wants to understand our economy. The reason, as L. Randall Wray makes obvious, is that Minsky does a better job of explaining the global financial crisis--and why it isn't over yet--than anyone else. Everyone should read this book."--Michael Pettis, author of The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy"Intelligent, accessible, and clear, Why Minsky Matters brings Minsky's ideas to life and explains why they help us understand the world in which we live."--Steven M. Fazzari, coauthor of After the Great Recession