Quote by Hyman Minsky
"The economy is not in equilibrium. It is constantly evolving and changing in response to how we organize our financial system."
"The economy is not in equilibrium. It is constantly evolving and changing in response to how we organize our financial system."
"Stability is destabilizing."
"The economy is not a machine, it is an evolving complex system."
"In a world of uncertainty and changing institutions, the forward-looking behavior of economic units depends on the state of long-term expectations."
"Capitalism is a flawed system, but it is the system we have."