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Saturday, March 25, 2023

Educational: The Minsky Moment and Theory of Reflexivity: What Minsky and Soros Taught Us About Instability —...

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Alert Alert Mar 26, 2023, 4:26am
 
Educational: The Minsky Moment and Theory of Reflexivity: What Minsky and Soros Taught Us About Instability —...
I've long believed that markets and economies trend towards disequilibrium (aka a loss of stability). And this is contrary to what we learned in economics – that a system tends towards equilibrium. And while equilibrium may sound good in theory; it doesn't hold up in reality. Why? Because markets and the economy are complex and dynamic social systems. ...
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