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Hyman Minsky

Hyman Minsky

Formal First Name
Hyman
Location
United States

Hyman Minsky is famous economist and economics professor famous for theorizing that markets and economies are victims of their own success

  • theorized that markets and economies are victims of their own success
    • as we make progress, we put more resources toward what we are working on
    • we take greater risks as previous risks prove successful
    • eventually we take on too much risk and suffer huge losses

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