MWP2 Precis 4

In his article "Finance and Economic Breakdown: modeling Minksy's 'Financial instability hypothesis'" (1995) author Steve Keen implies that in order to better understand our current financial crisis and also to solve it; we need to use Minksy's four theories of cause and effect. Keen constructs his argument by simplifying each and every theory while also correlating them with current events. The intended audience for this article is for those more economically educated. The purpose for writing this article is to inform and educate those who do not understand our crisis.