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Using Ravel to prove the fundamentals of MMT: Double-entry Bookkeeping

Summary:
Ravel is a brand new, intuitive way to analyse data. It is built on top of the Open-Source system dynamics program Minsky, which is the only program in existence that is designed to model financial flows using double-entry bookkeeping. I explain that fundamentals of double-entry bookkeeping in this video. In the next in this series, I put MMT under the crucible of double-entry bookkeeping to see whether it makes sense. Ravel is available from https://www.patreon.com/ravelation for per month; Minsky is available from the same site for per month.

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Ravel is a brand new, intuitive way to analyse data. It is built on top of the Open-Source system dynamics program Minsky, which is the only program in existence that is designed to model financial flows using double-entry bookkeeping.



I explain that fundamentals of double-entry bookkeeping in this video.



In the next in this series, I put MMT under the crucible of double-entry bookkeeping to see whether it makes sense.



Ravel is available from https://www.patreon.com/ravelation for $7 per month; Minsky is available from the same site for $1 per month.
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.

4 comments

  1. Thanks!

  2. Was it not meant to be free and open source?

    • Minsky is free and open source, and you can download the source code yourself from https://sourceforge.net/projects/minsky/ and compile it if you wish. You can get a compiled version for $1 a month from https://www.patreon.com/ravelation, and you can also buy Ravel–which is neither open source nor free–from the same location for $7 a month.

      We'll never be able to develop Minsky to its full potential using the Open Source approach, which generates no income to finance further development. This is a very cheap way to generate further development funds.

    • @@ProfSteveKeen It's understandable.

      I'm looking forward to the short form tutorials. Unfortunately the ones already out there have not been enough for me to get the ball rolling and start modelling on my own. I would like to construct some rudimentary demonstrations for my book.

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