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Minsky, the Global Financial Crisis, and the Prospects Before Us

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Abstract:

Randall Wray suggests that the global crisis offers both grave risks as well as opportunities. He argues that government must play a bigger role, which in turn requires a new economic paradigm that recognizes the possibility of simultaneously achieving social justice, full employment, and price and currency stability through appropriate policy.

Document Type: Research Article

DOI: http://dx.doi.org/10.1057/dev.2009.55

Publication date: September 1, 2009

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