Hyman Minsky

"Investment is fundamentally about expectations of the future."

"Economic policy must be flexible and responsive to change."

"The role of government is to manage economic uncertainty."

"Capitalism without regulation tends toward financial instability."

"The past provides lessons but not blueprints for the future."

"Economic growth is not automatic or guaranteed."

"Financial innovation can destabilize as well as create value."

"The business cycle is a recurring feature of capitalism."

"Expectations are self-fulfilling in economic matters."

"The economy operates in a state of permanent uncertainty."

"Institutions matter more than many economists acknowledge."

"Economic relationships are built on foundations of trust."

"The pursuit of short-term profit can undermine long-term stability."

"The financial system is a human creation and can be reformed."

"Economic theory must account for the complexity of real behavior."

"Stability and instability are intertwined in capitalism."

"The economy reflects power relationships in society."

"Time is fundamental to economic analysis."

"Uncertainty cannot be reduced to measurable risk."

"The modern economy is characterized by endemic instability."

"Economic behavior is shaped by institutional structures."

"The future is open to human agency and choice."

"Markets depend on rules and institutions to function."

"Economic crisis is a form of natural selection in capitalism."

"The pursuit of profit drives innovation and instability."

"Economic expectations are often based on past patterns."

"The financial system requires constant vigilance and management."

"Capitalism is dynamic but also prone to cycles of boom and bust."

"The economy is a social and political system, not just an economic one."

"Money is not neutral but shapes economic outcomes."