The Minsky Trap
Stability breeds complementarity (not speculation), which lowers the friction threshold.
Impact Score
Score Reasoning
- Importance
- Important dynamics result. CES formalization of Minsky instability: stability breeds complementarity which lowers T*. Central to crisis theory in Paper 3.
- Novelty
- New theorem: Minsky instability derived from endogenous rho dynamics and shrinking stability margin. Stability breeds complementarity (not just speculation) is a new mechanism.
- Quality
- Clear formal mechanism, two feedback loops, cascade channel. Well-linked to endogenous-rho and crisis-sequence.