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news Project Syndicate 2026-05-22

Keynes and Minsky: Economics of Uncertainty

Hyman Minsky's interpretation of John Maynard Keynes's economic theories, though not mainstream in its time, remains highly relevant today. Both economists emphasized the crucial role of uncertainty in economic theory.


<p>Although Hyman Minsky’s version of John Maynard Keynes’s economics had a minimal impact on the mainstream during his own lifetime and in the years following, its central insights remain as relevant as ever. Both men understood that economic theory cannot get away with ignoring the fact of uncertainty.</p>

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