Early on Saturday morning New York time, I’m launching a Kickstarter campaign to raise funds to further develop my Minsky modeling program. The draft pitch can be seen here (until the actual one goes live):
This post is to give a quick “what it is and why it’s new” overview of Minsky via ten videos in a Youtube playlist.
The simplest example: graphing a simple function
Modeling exponential growth
Exponential growth and exponential decay
Interacting populations–the “predator-prey” model
A simple cyclical economic model (Goodwin’s 1867 Growth Cycle Model)
Using Minsky to model banking and endogenous money
Building the same model in a standard “flowchart” program Vissim
Extending the banking model in Minsky
Trying to extend the banking model in Vissim
Finding mistakes in a financial model: Minksy vs standard flowcharting software
About Steve Keen
I am Professor of Economics and Head of Economics, History and Politics at Kingston University London, and a long time critic of conventional economic thought. As well as attacking mainstream thought in Debunking Economics, I am also developing an alternative dynamic approach to economic modelling. The key issue I am tackling here is the prospect for a debt-deflation on the back of the enormous private debts accumulated globally, and our very low rate of inflation.
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