Stabilizing an unstable economy covers the natural inclination of complex capitalist economies toward instability booms and busts as unavoidable results of high risk lending practices. Stabilizing an unstable economy minsky is a book written in 1986 by an american economist hyman p minsky 1919 1996 and considered to be his sem inal work in words of james tobin. Stabilizing an unstable economy covers the natural inclination of complex capitalist economies toward instability booms and busts as unavoidable results of high risk lending practices speculative finance and its effect on investment and asset prices governments role in bolstering consumption during times of high unemployment. Stabilizing an unstable economy tries to explain why our economy is so liable to fluctuations and how the obvious instabilityhas been contained even though the worse thatcould have happened agreatdepression has been avoided it nevertheless is true that the performance ofthe economy has beensubstantiallypoorerinrecentyears thaninthe two decades imme