Tag: minsky-moment

Tag: minsky-moment

1 page tagged minsky-moment.

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• Chapter 6: Modern Economic Theories — Economics 101

  Classical economics assumes rational actors in efficient markets. Three modern theories — Minsky’s Financial Instability Hypothesis, New Growth Theory, and Kahneman & Tversky’s Prospect Theory — explain what classical models miss: why stable markets breed crashes, why human capital is the real engine of growth, and why people systematically reject equivalent gains framed as losses.

Related tags

• new-growth-theory
• prospect-theory
• financial-instability
• human-capital
• loss-aversion
• behavioral-economics