Thematic Section
Development (2009) 52, 302–307. doi:10.1057/dev.2009.55
Minsky, the Global Financial Crisis, and the Prospects Before Us
Randall Wray
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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.
Keywords:
employment, government policy, debt, money manager capitalism, democracy
