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Workshop 02 Post Keynesian Dynamics using Minsky

Summary:
Following on from the first workshop, this video covers (1) The design of a basic predator-prey model in Minsky; (2) The first computer-simulated model of complex systems, Lorenz’s model of turbulent fluid dynamics that gave the world “the butterfly effect””; (3) The basic logic of Goodwin’s Growth Cycle model, which was based on Marx’s verbal ...

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Following on from the first workshop, this video covers



(1) The design of a basic predator-prey model in Minsky;


(2) The first computer-simulated model of complex systems, Lorenz’s model of turbulent fluid dynamics that gave the world “the butterfly effect””;


(3) The basic logic of Goodwin’s Growth Cycle model, which was based on Marx’s verbal model of economic cycles in Capital I Chapter 25.



Steve Keen
Steve Keen (born 28 March 1953) is an Australian-born, British-based economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific and empirically unsupported. The major influences on Keen's thinking about economics include John Maynard Keynes, Karl Marx, Hyman Minsky, Piero Sraffa, Augusto Graziani, Joseph Alois Schumpeter, Thorstein Veblen, and François Quesnay.

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