It is 8.12am. in 18min, we will depart the station. The suitcases are in the trunk of the coach. We are now waiting to get ourselves on board. We are not in straight-line in front of the coach's closed doors. We are sheeps awaiting for the barrier to open to get to the next field where the grass is greener.
This is desire for you. This is hope of getting a nice seat. Fear that you won't be seated next to the window. Petty goals.
I am a beginner in economics but reading Positive Money book 'Modernising Money' by Ben Dyson and Andrew Jackson. My interest grew in the work of Minsky and encouraged me to read more about Keynes. Keynes economics promote the view that in the long run economics system converge into an equilibrium with the support of the government. Nevertheless you cannot help the role of banks in the system and wonder after reading the following quote: “But this long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.” (Keynes, 1923) This imply that economists did not comprehend why we had a financial crisis and collapse. Minsky with his model 'Financial Instability Hypothesis' strive to answer this question. The idea in Minsky's work in a 'simplistic summary is that in very
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