Jewish prophet of financial doom
Apropos of the scary acrobatics of the market this week, Netxbook has a fascinating piece about Hyman Minsky, the Russian Jew whose views on the efficiency of capital markets have suddenly become popular (see here, here, here and here).
Mark Cohen writes:
According to economist Paul Samuelson, ninety-five percent of economists believe that the capital market is rational and efficient; Minsky fell in the other five percent. He did not believe that modern financial capital markets were stable and, perhaps more significantly, did not even believe they could be made stable. It was an insight that may have more to do with his Jewish upbringing than most people realize.
0 Comments
Share This
Jews Fit to Print
Comments RSS Feed Reader Comments
There are currently no comments to this article. Leave a comment below.
Leave a Comment
To comment on this article, you must first be registered with JTA.
Not Registered?
There are real advantages to a FREE registration with JTA.org:
- Make your voice heard through comments on articles
- Receive our e-mailed Daily Briefing, an invaluable quick-read
- Help decide what Jewish news matters most with interactive tools
Register Now
Already a JTA member?
Recent Posts
Recent Comments
- Mark S. Devenow on After prayer and punch, Foreman takes Jewish victory lap
- M.A. Kinnaman on After prayer and punch, Foreman takes Jewish victory lap
- Steve007 on After prayer and punch, Foreman takes Jewish victory lap
- steve ariza on After prayer and punch, Foreman takes Jewish victory lap
- Lauryn on NIF on defense for 'rape' poster demonizing Israel
