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This financial crisis was different (from the past financial panics of the 20th Century)

A conversation with Gary Dymski, professor of Economics, University of California at Riverside

Interview by Jorge Nascimento Rodrigues, 2010 ©

The end of money manager financial capitalism

«This current crisis is probably so severe that it will not only destroy a considerable part of the managed money, but it has already thoroughly discredited the money managers. Perhaps this will prove to be the end of this stage of capitalism—the money manager phase. Of course, it is too early to even speculate on the form capitalism will take.»

Remembering Hyman Minsky – a conversation with L. Randall Wray