Hyman Philip Minsky was an American economist, a professor of economics at Washington University in St. Louis, and a distinguished scholar at the Levy Economics Institute of Bard College. His research attempted to provide an understanding and explanation of the characteristics of financial crises, which he attributed to swings in a potentially fragile financial system. Minsky is sometimes described as a post-Keynesian economist because, in the Keynesian tradition, he supported some government intervention in financial markets, opposed some of the financial deregulation of the 1980s, stressed the importance of the Federal Reserve as a lender of last resort and argued against the over-accumulation of private debt in the financial markets.
Hyman Minsky
Bard College is a private liberal arts college in the hamlet of Annandale-on-Hudson, in the town of Red Hook, in New York State. The campus overlooks the Hudson River and Catskill Mountains within the Hudson River Historic District—a National Historic Landmark.
John Bard, founder of St. Stephen's College
Ward Manor House serves as a dormitory
Montgomery Place, historic estate and museum
Blithewood Manor, historic estate housing the Levy Economics Institute