Unstable Economic System
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An Unstable Economic System is an economic system that is an unstable system.
- Context:
- It can presage a Failed Economy.
- It can include a High Underemployment Rate (unemployment rate).
- It can include a High Bankruptcy Rate (bankruptcy rate).
- It can include a High Inflation Rate (inflation rate).
- It can include a Stock Market Selloffs.
- It can include Bank Runs.
- Example(s):
- Counter-Example(s):
- See: Economic Depression, Market Failure, Free Market Cycle, Speculative Finance, High-Risk Lending.
References
1986
- (Minsky, 1986) ⇒ Hyman P. Minsky. (1986). “Stabilizing An Unstable Economy." Yale University Press. ISBN:0300040008