Minskyen Finansal Kırılganlık Hipotezi ve Post Keynesyen Temelleri: Teorik Bir Yaklaşım (Minskian Financial Instability Hypothesis and Its Post Keynesian Roots: A Theoretical Approach)

Abstract

Minsky’s financial instability hypothesis (FIH) has the main assumptions of the Post Keynesian macroeconomics. The main assumptions of the FIH and its Post Keynesian roots are discussed in this paper in a detailed way. Thus, it is seen that FIH is a business cycle analysis within Post Keynesian framework, the theoretical underpinnings of the Post Keynesian macroeconomic analysis are put in the forefront for understanding business cycles in Minsky’s analysis.