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For full details on this video, including the presentation slides and the Minsky models, please go to my Patreon site www.patreon.com/profstevekeen. This and most other posts there are freely available, though of course I would be pleased if you would sign up to support my work to reform economics by becoming a Patron for as little as a month.
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For full details on this video, including the presentation slides and the Minsky models, please go to my Patreon site www.patreon.com/profstevekeen. This and most other posts there are freely available, though of course I would be pleased if you would sign up to support my work to reform economics by becoming a Patron for as little as a month.
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| For full details on this video, including the presentation slides and the Minsky models, please go to my Patreon site www.patreon.com/profstevekeen. This and most other posts there are freely available, though of course I would be pleased if you would sign up to support my work to reform economics by becoming a Patron for as little as $1 a month. |
Looking Forward to this, Thank you! Merry Christmas <3
Nice video, I like to ask a question to you professor, have you ever thought of streaming on twitch? I know it's supposed to be a videogame streaming channel, but there are quite a few people who do political and economic related stuff. Maybe something worth looking into.
THIS. IS. AWESOME!!!!! Thanks Steve, I’m new to this but I’ve been looking for a vid with your equations and explanations from the equations. Equations are my bread and butter, love it!!
You say that endogenous money helps MMT, Have you ever tried to simulate a Chicago monetary reform system? Positive money banking with Government creating new money as a function of a Full employment program? I would like to see that, especially one that would fund cooperatives directly instead of wage-labor institutions.
I don't understand half of what You are saying, but I enjoy trying ?
Keep up the good work professor Keen 🙂
So rising inequality is caused by rising corporate debt? So a corporate debt jubilee would reduce inequality?
Personal Q E will
After many years of following your work I'm going to finally download Minsky and start learning it. It's clear to me that the system dynamics approach of modelling the economy based on definitions (relationships) is the most useful path forward.
Thanks Edward. I'd recommend waiting for the next beta release, which should be out in about in time for Christmas. We're knocking off a LOT of bugs, and normalizing things like copying between models.
HELLO PROFESSOR KEEN ! ! ! ! HELLO PROFESSOR HUDSON ! ! ! ! Date : 2019-DEC-19 th @ 15 : 55 : 54 (-5 GMT)
THANK YOU BOTH FOR TAKING YOUR TIME TO TEACH THOSE TO COME AFTER YOU ! ! ! !
Support Prof Keen at P A T R E O N https://www.patreon.com/ProfSteveKeen/ .
Support MINSKY at P A T R E O N https://www.patreon.com/posts/new-patreon-page-24875848 .
15:08 – Sound of siren is now like an American emergency vehicle. No more two-note.
0 = 00:00 – [ Just flew from Hyman P Minsky @ 100 in Milan, Italy to London & Boy, are my arms tired ]
1 = 05:22 – Differentiate static with respect to time = dynamic
2 = 10:45 – Feedbacks of circuits are Negative or positive . . . Negative = Dampening vs Positive = Amplifying
3 = 16:08 –
4 = 21:31 –
25:50 – Role of Credit in Aggregate Demand & Income
5 = 26:54 –
6 = 32:17 –
7 = 37:40 –
8 = 43:03 –
9 = 48:26 –
50:00 – MinskyThe Software
Thanks Steve. Trying to get my lecturers to have a look at Minsky. It's taking longer than I thought but once more unto the breach! Merry Christmas from Nairobi!
https://tinyurl.com/sk8cfmd 04 FEB 2008 Issue of The New Yorker The Minsky Moment Subprime mortgage crisis and possible recession By John Cassidy Twenty-five years ago, when most economists were extolling the virtues of financial deregulation and innovation, a maverick named Hyman P. Minsky maintained a more negative view of Wall Street; in fact, he noted that bankers, traders, and other financiers periodically played the role of arsonists, setting the entire economy ablaze. . . .
LENDER ARSON :
Lenders: Can’t prevent Industrial Production & Individual Poverty with ‘em. And can’t collect small amounts of money from many to lend to a few innovative industrialists without ‘em. . . . Or, can we?
Can we have our lending to build the mass producing factory to make cake & keep a few coins to buy & to eat that cake, too?
So in layman terms what we call money matters to the economy. Surely bankers, at the highest level, couldn't have known about this (sarcasm). Now let's talk about how allocation of said money works. Pure class warfare. Plain and simple.
Sorry, thought this was a power point on understanding women!