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I had hoped to post this on the day of my pre­sen­ta­tion to UMKC, but the site fell over that day and it has tak­en vol­un­teers sev­er­al days to sort out the prob­lems. I had to buy addi­tion­al stor­age space on the serv­er, and large sys­tem logs had to be delet­ed. These are some of the issues that have moti­vat­ed the devel­op­ment of Debunk­ing Eco­nom­ics as a sub­scrip­tion site: with pro­fes­sion­al staff sup­port, this prob­lem would nev­er have occurred; with­out them, and with me being too busy to do the work myself, it’s result­ed in the site being down for about 4 days.

That said, final­ly I can put these three pre­sen­ta­tions up on the blog.

Reconciling MMT & MCT with DEB

In this pre­sen­ta­tion I prove that sec­toral bal­ances and aggre­gate (or effec­tive) demand exceed­ing income are ful­ly com­pat­i­ble.

The Keen model with Government–comparing deficit spending and austerity

Matheus Gras­sel­li, Pro­fes­sor of Math­e­mat­ics at McMas­ter Uni­ver­si­ty and Deputy Direc­tor of the Fields Insti­tute, explains my 1995 Min­sky mod­el and exten­sions to it that enable dif­fer­ent gov­ern­ment policies–austerity ver­sus deficit spending–to be eval­u­at­ed.

Demonstrating Minsky

A live demon­stra­tion of build­ing both a phys­i­cal and a mon­e­tary mod­el of the econ­o­my in Min­sky. The first release ver­sion of the pro­gram is now avail­able for down­load.

I rec­om­mend watch­ing this video in full screen mode, since the design palette in Min­sky is very hard to read at the small scale of a 640x480 win­dow.

At my site, Debunk­ing Eco­nom­ics, we dig even deep­er into these issues. Check out DE’s pre­view page here, if you’re inter­est­ed. SK