Economic Development and Financial Instability

Jan A. Kregel is considered to be the best all-round general economist alive (G. C. Harcourt). This is the first collection of his essays dealing with a wide range of topics reflecting the incredible depth and breadth of Kregels work. These essays focus on the role of finance in development and growth. Kregel has expanded Minskys original postulate that in capitalist economies stability engenders instability in international economy, and this volume collects Kregels key works devoted to financial instability, its causes and effects. The volume also contains Kregels most recent discussions of the Great Recession beginning in 2008.