Why minsky matters an introduction to the work of a maverick economist l randall wray on amazoncom free shipping on qualifying offers perhaps no economist was more vindicated by the global financial crisis than hyman p minsky 1919 96. Why minsky matters makes the maverick economists critically valuable insights accessible to general readers for the first time l randall wray shows that by understanding minsky we will not only see the next crisis coming but we might be able to act quickly enough to prevent it. This book provides an introduction to minskys alterna tive approach to economic theory and policy and explains why minsky matters although there were a handful of economists who had warned as early as 2000 about the possibility of a cri sis minskys warnings actually began a half century earlier. 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 minskys warnings began a half century earlier with writings that set out a compelling theory of financial instability. In why minsky matters an introduction to the work of a maverick economist wray observes how minskys commercial banking experience gave him a unique and invaluable macroeconomic perspective as with quantum mechanics if banking seems intuitive to you then you do not understand it
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