Jan Kregel at INET Hong Kong

Econintersect:  Jan Kregel is an expert researcher on the economic legacy of Hyman Minsky who spent his 45-year career investigating the lack of stability in economic systems.  Minsky was largely marginalized during his career but when the 2008 financial crisis saw the world economy blow up he was suddenly a guru, 12 years after he died.  Put him on the list of great people who never won a Nobel Prize.

Jan Kregel appeared on a panel 05 April discussing China’s economic role in the world at the Institute for New Economic Thinking (INET) 2013 plenary meeting in Hong Kong.

Showing below is the session on China in the World: Growth, Adjustment and Integration.  In part of his remarks he discusses Michael Pettis’ views on China’s rebalancing challenges.  Pettis is a regular contributor to Global Economic Intersection.  Jan Kregel’s segment starts at minute 39.

Read Kregel’s paper at GEI Opinion discussing Minsky’s views in the final years of his life on the structure of banking.  These were Minsky’s views as the end of Glass-Steagall banking operations defined in the 1930s were being discussed.

John Lounsbury