Polanyi's Minskyian Monetary System
10 Pages Posted: 11 May 2018
Date Written: April 27, 2018
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: Suggested Citation