Professor of economics at MIT and a State Department economist who helped draft the Marshall Plan; died in 2003.
Manias, Panics and Crashes turns Hyman Minsky's financial instability hypothesis into a repeatable sequence - displacement, credit expansion, euphoria, distress, revulsion - and tests it against four centuries of episodes, which is why later crisis writing keeps returning to it. The World in Depression advances the argument that the 1930s slump deepened because no state would act as lender of last resort.
3 books of their own