The Rise and Fall of Money Manager Capitalism Minsky's half century from world war two to the gre... [#204087]

Eric Tymoigne, "The Rise and Fall of Money Manager Capitalism: Minsky's half century from world war two to the great recession "
English | ISBN: 0415591937 | 2013 | 312 pages | PDF | 5 MB
The book studies the trends that led to the worst financial crisis since the Great Depression, as well as the unfolding of the crisis, in order to provide policy recommendations to improve financial stability. The book starts with changes in monetary policy and income distribution from the 1970s. These changes profoundly modified the foundations of economic growth in the US by destroying the commitment banking model and by decreasing the earning power of households whose consumption has been at the core of the growth process.