Quote by Hyman Minsky
"Economists who ignore financial structures are explaining output without understanding the mechanisms that produce it."
"Economists who ignore financial structures are explaining output without understanding the mechanisms that produce it."
"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."