"Unless we understand what it is that leads to economic and financial instability, we cannot prescribe -- make policy -- to modify or eliminate it. Identifying a phenomenon is not enough; we need a theory that makes instability a normal result in our economy and gives us handles to control it."

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Source : Hyman Minsky (2008). “Stabilizing an Unstable Economy, Part 3 - Economic Theory”, p.111, McGraw Hill Professional

Hyman Minsky

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