Publications

Working Paper No. 404 | April 2004

The “War on Poverty” after 40 Years

A Minskyan Assessment

Hyman Minsky is best known for his work in the area of financial economics, and especially for his financial instability hypothesis. In recent years, some authors have also recognized his advocacy of the “employer of last resort” as part of his “big government” intervention to help maintain stability. However, very little research has been undertaken regarding Minsky's early involvement in the “War on Poverty.” This paper will trace the development of Minsky's thinking on antipoverty policies to his support for welfare reform and federal job creation programs.


Publication Highlight

Book Series
A Great Leap Forward
Heterodox Economic Policy for the 21st Century
Author(s): L. Randall Wray
January 2020

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