Minskyan and Feminist Analysis of Financial Instability and Social Provisioning
18 Pages Posted: 13 Apr 2014
Date Written: January 3, 2010
The purpose of this paper is to connect Minsky’s (1986) financial instability hypothesis which reveals the inherent endogenous destabilizing forces of monetary production to a social provisioning approach outlined by feminist economists (Jullie Nelson 1993; Hutchinson et al 2002; Power 2004). The paper builds more specifically on Power’s (2004) delineation of social provisioning as a framework for feminist analysis; delineates the emergence of similar elements from Minsky’s structural analysis of financial instability, and concludes that these frameworks are mutually enhancing. The implications are that such bridges in heterodox inquiry provide better understanding of the causes and effects of financial crises, and a basis for more comprehensive policy formulation.
Keywords: Feminist economics; Minsky; financial instability hypothesis; financial instability; financial crisis; social provisioning; macroeconomic policy; Post Keynesian Economics; heterodox economics
JEL Classification: B 54; E12; E32; G01
Suggested Citation: Suggested Citation