voprecotestВопросы экономикиVoprosy Ekonomiki0042-8736Voprosy Ekonomiki, NP10.32609/0042-8736-2005-3-99-117voprecotest-1421Research ArticleИЗ ИСТОРИИ РАЗВИТИЯ МОНЕТАРНОЙ ТЕОРИИFROM THE HISTORY OF MONETARY THEORYЭкономическое наследие Хаймана Мински (глобальная финансовая хрупкость и кризис: уроки для России)The Economic Legacy of Hyman Minsky (Global Financial Fragility and Crisis: Lessons for Russia)НесветайловаА.NesvetailovaA.

доктор экономики, Центр исследований глобальной политической экономии

Университет СассексаВеликобританияUniversity of SussexUnited Kingdom2005200320050399117Copyright © Voprosy Ekonomiki, NP, 20052005Voprosy Ekonomiki, NPVoprosy Ekonomiki, NPhttps://www.vopreco.ru/jour/about/submissions#copyrightNoticehttps://www.vopreco.ru/jour/article/view/1421

Статья написана в рамках современной дискуссии о проблемах политической экономии системы глобальных финансов и международного финансового кризиса на основе работ Х. Мински и его современных последователей. Гипотеза финансовой нестабильности Мински используется для выявления причин усиления финансовой хрупкости глобального финансового капитализма и особенно финансовых кризисов конца 1990-х-начала 2000-х годов. Опирающийся на кейнсианскую традицию политической экономии, анализ Мински финансовой нестабильности и кризисов - качеств, внутренне присущих капитализму, важен не только для интересующихся экономической историей ХХ в. Его методология и рекомендации для политики обеспечивают плодотворную основу для дальнейших исследований с учетом повторяющихся финансовых кризисов и современной природы финансового капитализма. В статье показаны главные источники укорененной системной хрупкости финансовых структур в капиталистических экономиках в целом и в России в частности.

Thematically, the article contributes and aims to advance current debates on the political economy of global finance and international financial crisis, drawing in on the academic legacy of Hyman Minsky and his contemporary followers. Methodologically, it advances Minskyan financial instability hypothesis to the analysis of the increased fragility in global financial capitalism and specifically, of the financial crises of the late 1990s-early 2000s. Grounded in Keynesian tradition of political economy, Minsky's analysis of financial instability and crises - features endemic in capitalism - is enlightening not only for those interested in the economic history of the 20th century. His methodological insights and political conclusions provide a fertile ground for elaboration in the context of recurrent financial crises and the present-day nature of financial capitalism. This essay reveals major sources of in-built systemic fragility of financial structures in capitalist economies generally, and in the Russian case in particular.

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The authors declare that there are no conflicts of interest present.