Minsky on "Big Government"

This paper objective is to assess, in light of the main works of Minsky, his view and analysis of what he called the "Big Government" as that huge institution which, in parallels with the "Big Bank" was capable of ensuring stability in the capitalist system and regulate its inherently unstable financial system in mid-20th century. In this work, we analyze how Minsky proposes an active role for the government in a complex economic system flawed by financial instability.

Finance, development and the Chinese entrepreneurial state: A Schumpeter-Keynes - Minsky approach

ABSTRACTThe paper's central claim is that China's speed and ability to leapfrog its peer-nations in the last three decades stems, largely, from the fact that it is a fully developed Entrepreneurial State (ES). The discussion seeks to dig deeper on ES as a bridging concept that fits well with the Schumpeter-Keynes-Minsky analytical framework and one that is particularly appropriated analyzing contemporary China's development trajectory. Although rooted in a historical perspective and using historical examples, the main purpose of the paper is analytical, not descriptive.

Prevalência de alterações uterinas e tubárias na histerossalpingografia em mulheres inférteis: estudo de 48 casos

A histerossalpingografia é um exame realizado para avaliação da anatomia uterina e da permeabilidade tubária, característica esta que torna a pesquisa de causa de infertilidade primária ou secundária sua principal indicação. Este trabalho se propôs a estudar a prevalência de alterações na histerossalpingografia em pacientes com infertilidade. Para tal, foram alocadas todas as pacientes que se submeteram ao exame, num período de quatro meses. Entre as 48 pacientes estudadas, 36 apresentavam infertilidade primária e 12, infertilidade secundária. As pacientes com infertilidade primária apresentaram maior índice de malformações uterinas, enquanto as pacientes com infertilidade secundária apresentaram obstrução tubária como alteração mais freqüente. Não ocorreu nenhuma intercorrência significativa durante a realização dos exames. O trabalho permite afirmar que este exame é muito útil na pesquisa de infertilidade, uma vez que, freqüentemente, diagnostica alterações importantes, sendo um exame barato e de raras complicações.

Granulocyte-macrophage colony-stimulating factor does not increase the potency or efficacy of a foot-and-mouth disease virus subunit vaccine

Foot-and-mouth disease (FMD) is one of the most feared diseases of livestock worldwide. Vaccination has been a very effective weapon in controlling the disease, however a number of concerns with the current vaccine including the inability of approved diagnostic tests to reliably distinguish vaccinated from infected animals and the need for high containment facilities for vaccine production, have limited its use during outbreaks in countries previously free of the disease. A number of FMD vaccine candidates have been tested and a replication-defective human adenovirus type 5 (Ad5) vector containing the FMDV capsid (P1-2A) and 3C protease coding regions has been shown to completely protect pigs against challenge with the homologous virus (FMDV A12 and A24). An Ad5-P1-2A+3C vaccine for FMDV O1 Campos (Ad5-O1C), however, only induced a low FMDV-specific neutralizing antibody response in swine potency tests. Granulocyte-macrophage colony-stimulating factor (GM-CSF) has been successfully used to stimulate the immune response in vaccine formulations against a number of diseases, including HIV, hepatitis C and B. To attempt to improve the FMDV-specific immune response induced by Ad5-O1C, we inoculated swine with Ad5-O1C and an Ad5 vector containing the gene for porcine GM-CSF (pGM-CSF). However, in the conditions used in this trial, pGM-CSF did not improve the immune response to Ad5-O1C and adversely affected the level of protection of swine challenged with homologous FMDV.

Innovation, competition and financial vulnerability in economic development

The financial sector has been viewed traditionally as either providing the "oil" for the "wheels of commerce" or as a parasite on the real sector of the economy where real productivity gains provide for increasing real wages and per capita incomes. The present paper takes a different route and attempts to an analysis of financial institutions on a par with the production sector of the economy. It also develops a link which amalgamates "the knowledge-based" perspective on firms' operations with Schumpeterian financial leverage to exploit productivity enhancing innovations, and Minsky's tendency towards financial fragility. The analysis also leads to some policy recommendations concerning financial regulation, risk management and financial institution's building.

Liquidez internacional e ciclo reflexo: algumas observações para a América Latina

International liquidity and reflex cycle: some observations to Latin America. The international financial instability of the 1990 has been analysed in several occasions on Minskyan perspectives. The paper is based on this theoretical approach and intends to demonstrate that the financial fragility hypothesis is very useful to the analysis of the cycle in peripheral economies, which real performance is associated to the availability of international liquidity. The analysis is based on three Latin American countries: Brazil, Argentina and Mexico.

As famílias na abordagem Minskyana: aspectos e desdobramentos do endividamento das famílias americanas no século XX e início do XXI

RESUMO Este artigo busca retratar a inserção financeira das famílias e suas implicações para a dinâmica do sistema econômico, tendo em vista a importância assumida pelo endividamento das famílias norte-americanas nas últimas décadas, em particular, na crise de 2007 nos EUA. Frente às transformações da economia norte-americana e de seu sistema financeiro, é proposto o resgate das contribuições da economia monetária de Keynes e da visão financeira de Minsky para compreender de forma adequada o comportamento das famílias, tanto na dimensão dos fluxos de renda e gastos, quanto nas decisões sobre estoques de ativos e passivos sujeitos à volatilidade e incerteza.