Term

Minsky

Hyman Minsky, an American economist. He studied why booms in the economy are followed by busts.

Same as Ever: A Guide to What Never Changes, Morgan Housel

Explained in

• Same as Ever: A Guide to What Never Changes, Morgan Housel
• The Delusions of Crowds: Why People Go Mad in Groups, William J. Bernstein

  Hyman Minsky (1919–1996), an American economist. He believed that calm in the market itself pushes people toward ever riskier debt.

All terms