We'll look at the work of Hyman Minsky in this lecture. We'll also be looking at the bond market. Which is a good thing, because the yield on Irish government bonds just went way up on nothing more than a rumour. We'll talk about government bonds and what they mean tomorrow. Make sure to read Pilbeam for the lecture, it's the best part of his book, as well as the myriad of readings on the big M himself. Get the lecture notes here.
