Polanyi's Minskyian Monetary System

10 Pages Posted: 11 May 2018

Date Written: April 27, 2018

Abstract

Karl Polanyi sees the collapse of the gold standard as a sign of the end of the 19th-century liberal order. Understanding the gold standard as primarily a payment system shows continuity rather than disjuncture with the financial crisis of the 20th century studied by Hyman Minsky.

Keywords: Karl Polanyi, Hyman Minsky, Gold Standard, Financial Crisis

JEL Classification: F33, E42, E58

Suggested Citation

Neilson, Daniel H., Polanyi's Minskyian Monetary System (April 27, 2018). Available at SSRN: https://ssrn.com/abstract=3169820 or http://dx.doi.org/10.2139/ssrn.3169820

Daniel H. Neilson (Contact Author)

Bard College at Simon's Rock ( email )

84 Alford Road
Great Barrington, MA Massachusetts 01230
United States
+1 413 274 4033 (Phone)

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