Quote by Hyman Minsky
"Cyclical behavior in capitalism is not accidental or exogenous. It emerges from the system's internal dynamics."
"Cyclical behavior in capitalism is not accidental or exogenous. It emerges from the system's internal dynamics."
"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."