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Henry Simons and the Other Minsky Moment

Toporowski, Jan

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Authors

Jan Toporowski



Abstract

This paper examines the influence of Henry Simons on Hyman Minsky. Simons' proposals for banking reform are contrasted with Minsky's alternative 'big bank' and 'big government' programme for stabilising the economy. The paper concludes by arguing that Simons' proposals for stabilising banking would have prevented a credit bubble, but would not avoid economic instability. Nevertheless, Minsky remained an admirer of Simons’ ‘banking’ approach to the study of capitalism.

Citation

Toporowski, J. (2010). Henry Simons and the Other Minsky Moment. Studi e note di economia (Testo stampato), 15(3), 363-368

Journal Article Type Article
Publication Date Dec 1, 2010
Deposit Date Mar 13, 2012
Publicly Available Date Mar 11, 2025
Journal Studi e Note di Economia
Print ISSN 1590-0401
Electronic ISSN 2239-3250
Peer Reviewed Peer Reviewed
Volume 15
Issue 3
Pages 363-368
Keywords Minsky Simons Friedman Banking

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