The paradox of tranquility revisited. A Lotka-Volterra model of the financial instability
Academic Article
Publication Date:
2010
abstract:
The aim of this paper is to describe by means of a simple Lotka-Volterra model the financial vulnerability
of corporate sector. This should allow us to soften Lavoie’s criticism of Minsky’s «Financial Instability
Hypothesis» which is based on the so-called «paradox of debt».
of corporate sector. This should allow us to soften Lavoie’s criticism of Minsky’s «Financial Instability
Hypothesis» which is based on the so-called «paradox of debt».
Iris type:
1.1 Articolo in rivista
Keywords:
Heterodox approaches; Post-Keynesian economics; Financial instability hypothesis
List of contributors:
Passarella, M
Published in: