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.
This site does not give personal financial advice. The focus of this blog is economic analysis, and how you interpret this with respect to your own financial decisions is entirely up to you.
Steve Keen, Debtwatch, and any employees or associates will not be held liable for any losses resulting from decisions taken by any individual or entity as a consequence of reading materials on this blog.
Membership or sponsorship of this blog does not constitute purchasing any product service apart from those listed in the membership and sponsorship conditions.