M4.2 Goodwin and Minsky

Title

The Goodwin and Minsky models constitute a cycle-oriented mode between employment, wages and financial fragility.

Its foundation lies in feedbacks between distribution and growing indebtedness.

Furthermore, this discipline deals with non-linear analysis, which makes endogenous crises possible.

ID:3016

gphysics.net - Dr. Willy H. Gerber
Palos Verdes, Costa de Corral, Chile