86 HYMAN P. MINSKY COLLECTION: FOLDER LIST the Levy Economics Institute of Bard College Bruce Macmillan, Project Archivist March 2009
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86 HYMAN P. MINSKY COLLECTION: FOLDER LIST The Levy Economics Institute of Bard College Bruce MacMillan, Project Archivist March 2009 Pages Location/Contents BOX 9: Documents/Publications 2 FOLDER: “Gli Orfani Di Beveridge - Mario Baccianini, con intervista a Hyman Minski”, pp. 116-117, in Mondoperaio. Rivista Mensile Del Partito Socialista Italiano, Gennaio (Jan.) 1982, Anno (Years of Publication) 35. 10 FOLDER: Lawrence R. Klein, “Keynes Dopo Keynes”, pp. 120-128, in Mondoperaio. Rivista Mensile Del Partito Socialista Italiano, Marzo 1982, Anno 35. 6 FOLDER: Nicholas Kaldor, “La Rivoluzione Keynesiana E I Suoi Limiti”, pp. 87-93, in Mondoperaio. Rivista mensile del Partito socialista italiano, Maggio (May) 1982, Anno (Year of Publication) 35. 8 FOLDER: Joan Robinson, “I Misteri della Stagflazione”, pp. 93-98, in Mondoperaio. Rivista Mensile Del Partito Socialista Italiano, Gennaio/Febbraio (Jan./Feb.) 1983, Anno (Years of Publication) 36. 9 FOLDER: Jan Kregel, “Marx, Schumpeter, Keynes: tre discepoli ortodossi di Adomo Smith”, pp. 97-104, in Mondoperaio. Rivista Mensile Del Partito Socialista Italiano, 7/8, Luglio/Agosto (July/Aug.) 1983, Anno (Years of Publication) 36. 3 FOLDER: Hyman P. Minsky, “Keynes E I Socialisti”, pp. 50-52, in Mondoperaio. Rivista Mensile Del Partito Socialista Italiano, Numero 4, Aprile (April) 1986, Anno (Years of Publication) 39. 11 “Editorial (No author): Stabilization Without Trauma”, American Banker, Dec. 17, 1975. [“Economist Hyman P. Minsky of Washington University has asked two searching questions about the problems of financial instability…”] 1 FOLDER: Bart Sotnick, “Regulators Say Early Warning Systems Show Promise But Some Observers Are Skeptical”, American Banker, May 21, 1976. [1 copy] 1 FOLDER: Gordon Matthews, “Markets Seen Exposed To Severe Crunches”, American Banker, May 24, 1976. [1 copy] [“…Mr. Minsky suggested that, after the next ‘near miss’ with a financial crisis, the Federal Reserve Board may move to develop controls on speculative finance in the economy. ‘This might very well require some control over liquidity structures and asset-equity ratios of giant corporations and banks’, he said…”] 1 FOLDER: Hyman P. Minsky, “’Fragile’ Financial System Risks Crisis, Deflation; Debt Reduction Essential”, The Money Manager, (The Financial Weekly for Executives in Business and Finance. Published every Monday by The Bond Buyer. New York, NY), July 1, 1974. [12 copies] 86 87 HYMAN P. MINSKY COLLECTION: FOLDER LIST The Levy Economics Institute of Bard College Bruce MacMillan, Project Archivist March 2009 1 FOLDER: Albert L. Kraus, “Less-Is-More Could Sink As Populism Gains Ground”, The Money Manager, (The Financial Weekly for Executives in Business and Finance. Published every Monday by The Bond Buyer. New York, NY), Feb. 9, 1976, p. 2. [8 copies] [“…What the Hellers, Ackleys and Okuns ignored, Prof. Minsky says, were the financial aspects of the real world, in particular the creation of an increasingly fragile financial system characterized by inflation and a more and more heavily leveraged debt structure…”] 1 FOLDER: Hyman P. Minsky, “Keynes Revisited: The Cycle Remains Unconquered”, The Money Manager, (The Financial Weekly for Executives in Business and Finance. Published every Monday by The Bond Buyer. New York, NY), Feb. 9, 1976, p. 3. [2 complete original editions] 2 FOLDER: Eli Schwartz, “More On Keynesianism: His Latter-Day Disciples Take No Account of Time”, pp. 14-15, The Money Manager, (The Financial Weekly for Executives in Business and Finance. Published every Monday by The Bond Buyer. New York, NY), March 15, 1976. [“…We also have the interpretation of Keynes by H.P. Minsky (The Money Manager, Feb. 9), which emphasizes financial instability as the proximate cause and the great aggravator of recessions and depressions. One must agree with Prof. Minsky that the measurable recent increase in leverage has created an economy that is much more vulnerable to economic shock than has been the case in the recent past. However, I think he does not give full weight to the decline in real resources as the proximate cause of the recent downturn or to the rigidity of bargaining arrangements that makes recovery more difficult. Moreover, my policy conclusions differ radically from his…In any case, industrial corporations must be encouraged to return to a normal debt ratio of no more than 35% of total assets. Here I agree with Prof. Minsky…] 1 FOLDER: Hyman P. Minsky, “U.S. Financial Crises Due to the Very Nature of Economy”, The Money Manager, (The Financial Weekly for Executives in Business and Finance. Published every Monday by The Bond Buyer. New York, NY), June 21, 1976. [1 original, 2 copies] 1 FOLDER: Hyman P. Minsky, “Asset, Debt Positions Should Provide Key to Avoiding Crises”, The Money Manager, (The Financial Weekly for Executives in Business and Finance. Published every Monday by The Bond Buyer. New York, NY), June 28, 1976. [1 original, 2 copies] 1 FOLDER: Hyman P. Minsky, “75 Depression Avoided Only By U.S. Spending, Role as Ultimate Lender”, p. 6, The Money Manager, (The Financial Weekly for Executives in Business and Finance. Published every Monday by The Bond Buyer. New York, NY), Aug. 30, 1976. [Preface: “Dr. Minsky is Prof. of economics at Washington University, St. Louis. This article is excerpted from a paper he prepared for the Graduate Institute of Cooperative Leadership at the University of Missouri, Columbia, Mo. In it, he says that the reason the 1974-75 recession didn’t turn into a deep recession of the 1930s style had nothing to do with the workings of a market economy. Disaster didn’t occur - the sky didn’t fall in - because government spending and government’s role as lender of last resort combined to prevent the fall. But, he says, such activity by big government has made us vulnerable to inflation and increased the destabilizing tendencies in the economy.”] 4 FOLDER: Hyman P. Minsky, “The Dollar: U.S. Must Be Seen as an Ailing Bank”, pp. 1-4, in The Money Manager, (The Financial Weekly for Executives in Business and Finance. Published every Monday by The Bond Buyer. New York, NY), April 24, 1978. -Letter dated 3.27.1978. From: University of Southern California, School of International Relations, Los Angeles, CA. To: Prof. Hyman Minsky, Dept. of Economics, Washington University, St. Louis, Mo. Subject: “The book on international lending is coming along quite nicely…” 87 88 HYMAN P. MINSKY COLLECTION: FOLDER LIST The Levy Economics Institute of Bard College Bruce MacMillan, Project Archivist March 2009 1 FOLDER: Albert L. Kraus, “Commentary: Faith in Government to Prevent Depression Persists, but Evidence to the Contrary Grows”, p. 2, in The Money Manager, (The Financial Weekly for Executives in Business and Finance. Published every Monday by The Bond Buyer. New York, NY), July 3, 1978. 1 FOLDER: Hyman P. Minsky, “U.S. Efforts to Prevent Deep Slump Fan Inflation, Render Policy Helpless”, The Money Manager, (The Financial Weekly for Executives in Business and Finance. Published every Monday by The Bond Buyer. New York, NY), July 10, 1978, p. 5. [1 original newspaper, 2 copies of article] 5 FOLDER: Hyman P. Minsky, “Unless Corrected, Deficit In Trade Could Trigger Bigger Financial Crises”, pp. 1-4, in The Money Manager, (The Financial Weekly for Executives in Business and Finance. Published every Monday by The Bond Buyer. New York, NY), Dec. 4, 1978. 6 FOLDER: Hyman P. Minsky, “Can and Should Fed ‘Go It Alone’?”, New York Journal of Commerce, Tues. April 16, 1974. [2 copies (2 pages), 1 copy (1 page), 1 typed copy (6 pages)] 6 FOLDER: Hyman P. Minsky (Dept. of Economics, Washington University, St. Louis). Can and Should The Federal Reserve ‘Go It Alone’? April __, 1974. [Note by Bruce MacMillan 7.30.08: This article appears to be the draft prepared for submission to the New York Journal of Commerce, Tues. April 16, 1974.] 1 FOLDER: Hyman P. Minsky, “An Economic Appraisal: Standard Forecast Questioned”, New York Journal of Commerce, Fri. April 26, 1974. [3 copies] 1 FOLDER: Hyman P. Minsky, “An Economic View: Higher Oil Taxes Justified”, J of C, [The Journal of Commerce and Commercial], Jan. 31, 1979. 1 FOLDER: No Author, “Slowing the Rescue Squad”, The Journal of Commerce and Commercial. New York, NY, Fri., Oct. 26, 1979, p. 4. [“…Interestingly, though, in no recent crunch did the crisis bring about a wholesale institutional collapse. Hyman P. Minsky of Washington University, St. Louis, lays this to two things, massive injections of federal fiscal stimulus which helped to sustain corporate profits as well as individual incomes, plus lender-of-last-resort activity by the Federal Reserve…”] 1 FOLDER: Hyman P. Minsky, “Silver Market Crash Unveils Intricacies of Financial Structure”, The Journal of Commerce and Commercial, New York, NY, April 28, 1980. [4 copies] 35 FOLDER: Hyman P. Minsky. Introduction. (Undated, c. 1991) [Hyman P. Minsky, Distinguished Scholar, The Jerome Levy Economics Institute]. [re: United States. Dept. of the Treasury. “Modernizing The Financial System: Recommendations For Safer, More Competitive Banks.” Washington, DC: Dept. of the Treasury, Feb. 5, 1991, (aka “Glauber Report”).] 88 89 HYMAN P. MINSKY COLLECTION: FOLDER LIST The Levy Economics Institute of Bard College Bruce MacMillan, Project Archivist March 2009 37 FOLDER: Hyman P. Minsky. Reconstituting the United States’ Financial Structure: Some Fundamental Issues. Prepared for a conference of the European Assoc. of University Teachers in Banking and Finance, Siena, Italy, Sept. 25, 26 and 27, 1991. Revised May 13, 1992. [3 copies] [Hyman P. Minsky, Distinguished Scholar, The Jerome Levy Economics Institute, Bard College] [Note by Bruce MacMillan 11/1/07: This article appears to be an article from an unidentified book that Minsky was writing.] 40 FOLDER: Hyman P. Minsky. Reconstituting the Financial Structure: The United States. Aug. 30, 1991. Paper prepared for a Conference on ‘Issues on Banking Structure and Competition in a Changing World’.