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Hyman Philip Minsky

    Hyman Minsky was an American economist whose work sought to explain the nature of financial crises. He posited that these crises stem from the inherent instability of financial systems, driven by cyclical fluctuations. Minsky advocated for government intervention in financial markets and cautioned against the over-accumulation of private debt. His theories, largely overlooked for decades, experienced a resurgence of interest following the 2008 mortgage crisis.

    Can 'it' happen again?: essays on instability and finance