In a world of uncertainty and changing institutions, the for... - Hyman Minsky

"In a world of uncertainty and changing institutions, the forward-looking behavior of economic units depends on the state of long-term expectations."

Hyman Minsky Philosophy

Economist Theorist American 1919–1996

More from Hyman Minsky

"Stability is destabilizing."

"The economy is not a machine, it is an evolving complex system."

"Capitalism is a flawed system, but it is the system we have."

"Success bred a disregard for the possibility of failure."

"I've seen the worst humanity has to offer."

"Sometimes I wonder if the world is worth saving."

"Every choice shapes our destiny."

"Order is the foundation of a good life."