@article{Montani Martins_Chaves Drach_2021, title={Minsky, Veblen, and the endogeneity of the capitalism crises: A comparative analysis between Minsky and Veblen}, volume={6}, url={https://www.braziliankeynesianreview.org/BKR/article/view/229}, DOI={10.33834/bkr.v6i2.229}, abstractNote={<p>This paper aims at analyzing economic crises from the viewpoint of Minsky’s and&nbsp;Veblen’s analytical frameworks. We aim at understanding how both authors build&nbsp;their theories of crisis as endogenous processes to capitalism dynamics and&nbsp;identifying the main building blocks of each approach. We present the convergences&nbsp;and divergences between Minsky and Veblen, stressing that, despite having different&nbsp;theoretical basis, the analyses of both authors have many points of contact, which&nbsp;permit us to stablish a dialogue between them. The evolutionary nature of economic&nbsp;processes and the role of temporality and uncertainty in both approaches are&nbsp;highlighted as the main points of convergence. At the end, we argue that the&nbsp;Minskyian framework consists in a refinement of the analysis of crises as&nbsp;endogenous phenomena of capitalism and an incorporation of institutionalist&nbsp;features into its theory reinforces this framing.</p>}, number={2}, journal={Brazilian Keynesian Review}, author={Montani Martins, Norberto and Chaves Drach, Daniel}, year={2021}, month={May}, pages={267-289} }