Famous Models of Chaos in Minsky

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As reg­u­lar read­ers here know, the main rea­son for devel­op­ing Min­sky was to make it pos­si­ble to build mon­e­tary mod­els of the econ­o­my. But it is also a pret­ty good tool for doing stan­dard sys­tem dynam­ics mod­el­ing too, and in these two videos I show a range of famous chaot­ic oscil­la­tors mod­eled in Min­sky:

Youtube Video  of the four mod­els

Build­ing the Lorenz mod­el in Min­sky

Here are the source files if you’s like to run them your­self on your own, but first down­load the lat­est ver­sion of Min­sky from here PC (or Mac).

The Min­sky source files are avail­able here (right click and choose “Save As”):

The LaTeX equa­tions of these mod­els (gen­er­at­ed by Min­sky):

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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.