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Journals / Akdeniz İİBF Dergisi / 2011 / Cilt: 11 - Sayı: 22

Exploring the traces of Keynes in Minsky's Financial Instability Hypothesis

Minsky’nin Finansal İstikrarsızlık Hipotezi’nde Keynes’in izlerini aramak

Serdar VARLIK
Pages
1–27
Publication Date
2022-10-11
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

Minsky's Financial Instability Hypothesis asserts a claim that market economy has been structurally instable.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this study, effects of Keynes' investment and liquidity preference theories to Minsky's Financial Instability Hypothesis had been examined.
📊
Key Findings & Data:Keynes implies that money has been a speculative asset at capitalist economy because of its uncertainity phenomenon.
💡
Conclusion & Impact:Minsky's Financial Instability Hypothesis asserts a claim that market economy has been structurally instable.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

In this study, effects of Keynes' investment and liquidity preference theories to Minsky's Financial Instability Hypothesis had been examined. Keynes implies that money has been a speculative asset at capitalist economy because of its uncertainity phenomenon. Therefore, uncertainty causes inherently to fluctuations at investment expenditures and liquidity preference. Furthermore, according to Keynes, domination of speculation is inevitable result of uncertainty phenomenon. Foundations of Minsky's Financial Instability Hypothesis depends on these ideas which inherit from Keynes. Minsky's Financial Instability Hypothesis asserts a claim that market economy has been structurally instable.

Özet

Bu çalışmada Keynes'in yatırım ve likidite tercihi kuramlarının Minsky'nin Finansal İstikrarsızlık Hipotezi'ne olan etkileri incelenmiştir. Keynes belirsizlik olgusunun kapitalist ekonomilerde parayı spekülatif bir varlık haline dönüştürdüğünü belirtmektedir. Bu nedenle belirsizlik kalıtsal olarak yatırım harcamalarında ve likidite tercihinde dalgalanmalara neden olmaktadır. Ayrıca, Keynes'e göre, spekülasyonun hâkimiyeti, belirsizlik olgusunun kaçınılmaz bir sonucudur. Minsky'nin Finansal İstikrarsızlık Hipotezi'nin temelleri Keynes'ten miras aldığı bu görüşlere dayanmaktadır. Minsky'nin Finansal İstikrarsızlık Hipotezi, piyasa ekonomisinin yapısı gereği istikrasız olduğunu iddia etmektedir.

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Cite This Article

VARLIK, S. (2022). Exploring the traces of Keynes in Minsky's Financial Instability Hypothesis. Akdeniz İİBF Dergisi, Cilt: 11 - Sayı: 22, 1–27. https://ajindex.com/articles/433162

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