This study examines the crisis according to Keynes and Minsky. The first part of the study studies the Keynes view on fluctuations in income and employment .Keynes explains the investment behavior which is the component of aggregate demand with the expectations of the investor. The second part of the study explains the Minskys view on financial capitalism and financial instability theorem. Minsky explains the fragility of the economies with the financing structure of investments. This explanation may help to understand the last global financial crisis that was started in USA housing sector.
Key words: Keynes, Minsky, Financial Crisis Article Language: EnglishTurkish
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