Re: the list and Minsky

["ING. FELIPE BELLO" <fbellog@xxxxxxxxxxxxxxxxxxxxx>]

Dear John:

I strongly support your idea about a discussion of Hy's thought.

I just finished my Master's thesis about Hy's thought and I think that
Minsky's Financial Instability Hypothesis ( FIH ) does not talk about
speculative bubbles, but normal behaviour in an environment with Keynesian
fundamental uncertainty.

I think that the key to his concept resides in two kinds of risk ( both of
them different from the mainstream concept of risk ): lenders and
entrepeneur´s and how they envolve during the normal course of economic
life.

Well, I hope that this serves as a starting point.

Cheers,

Felipe Bello

P.S. Pardon my english !!!


----------
> From: Rosser Jr, John Barkley <rosserjb@xxxxxxx>
> To: POST-KEYNESIAN THOUGHT   <pkt@xxxxxxxxxxxxxxxx>
> Subject: the list and Minsky
> Date: Jueves 6 de Marzo de 1997 2:15 PM
>
>      First I would like to applaud the good judgment of Ric
> Holt and support his initiatives.  There has indeed been a
> deterioration of decorum on this list recently, and,
> without naming any names, I would like to appeal to the
> guilty parties to CUT IT OUT.  Yes, as billy mitchell has
> noted, things can get very bad.  Over on
> marxism-international they have recently gotten back to
> issuing death threats against one another.  Fun stuff.
> Yours truly has been declared an imperialist Fujimori
> agent.  Aren't you impressed?  Hot stuff.  No, we don't
> need that kind of garbage on this list.
>      Secondly, I for one would be curious to see more of a
> discussion of Minsky's relation to Post Keynesianism, Paul
> Davidson, etc.  I know that I have personally clashed with
> Paul over the question of speculative bubbles, an idea that
> seems very Keynesian, although perhaps not Post, to me.
> Minsky obviously thought that there were speculative
> bubbles and it was central to his whole financial fragility
> hypothesis, or so it seems to me.  Any comments from
> anybody?
> Barkley Rosser
>
> --
> Rosser Jr, John Barkley
> rosserjb@xxxxxxx
>
>