Quote by Hyman Minsky
"Expectations are not based on past data but on narratives and stories."
"Expectations are not based on past data but on narratives and stories."
"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."