The End of Rational and Magic Finance: The Minsky Moment

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How to Cite
Pezzani, F. (2023). The End of Rational and Magic Finance: The Minsky Moment. BOHR International Journal of Finance and Market Research, 1(1), 1–7. https://doi.org/10.54646/bijfmr.2022.01 (Original work published February 3, 2023)
Published: Apr 25, 2023
Updated: 25-04-2023
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25-04-2023 (7)
DOI: https://doi.org/10.54646/bijfmr.2022.01
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Keywords:
Magic Finance
Minsky Moment
Forecasting
Speculators

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Authors

Fabrizio Pezzani
Senior Professor, Department of Social and Political Sciences, Bocconi University, Milano, Italy

Abstract

If I may be allowed to appropriate the term speculation for the activity of forecasting the psychology of the market, and the term enterprise for the activity of forecasting the prospective yield of assets over their whole life, it is by no means always the case that speculation predominates over enterprise.

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Article Details

Issue
Vol. 1 No. 1 (2022): BOHR International Journal of Finance and Market Research (BIJFMR)
Section
Methods