Steve Keen’s Debt Watch

Hyman Minsky's strength was to integrate the disequilibrium and monetary views of Marx, Schumpeter, Fisher, Keynes and Kalecki into a coherent and convincing model of a capitalist economy. This lecture explains Kalecki's contribution and then verbally outlines the Financial Instability Hypothesis.

I regard Marx, Schumpeter, Fisher, Keynes, Kalecki and Goodwin as the major foundations of a non-equilibrium approach to economics. This lecture provides an overview of the first 4--including a non-orthodox interpretation of Marx that is bound to annoy Marxists but emphasizes his coherent analysis of the cyclical nature of capitalism

Lectures on non-equilibrium economics at FLACSO (Latin American Social Sciences Institute). This first lecture covers why economics must be a disequilibrium discipline, and why it has thus far failed to become one.

Lectures on non-equilibrium economics at FLACSO (Latin American Social Sciences Institute). This first lecture covers why economics must be a disequilibrium discipline, and why it has thus far failed to become one.

Minsky has been designed to enable the construction of system dynamics models of the financial system, but it's equally at home building standard dynamic mathematical models. In these 2 videos I firstly demonstrate 4 famous chaotic models in Minsky--Lorenz, Double Pendulum, Duffing and Van Der Pol--and then build the Lorenz model in Minsky. We'd be delighted to have mathematicians download a copy of Minsky and start using it for teaching and other purposes

Minsky has been designed to enable the construction of system dynamics models of the financial system, but it's equally at home building standard dynamic mathematical models. In these 2 videos I firstly demonstrate 4 famous chaotic models in Minsky--Lorenz, Double Pendulum, Duffing and Van Der Pol--and then build the Lorenz model in Minsky. We'd be delighted to have mathematicians download a copy of Minsky and start using it for teaching and other purposes

This is a quick demo of using the Godley Table feature of Minsky to add a necessary level of complexity to my monetary model of financial instability. It is very easy to add details like this--adding shareholders who receive dividends, and dividing the firm sector's accounts into a capital and a current account. It would be a nightmare to add the same levels of complexity using a standard system dynamics program like Vissim or Vensim.

#14 in a set of 15 videos showing how to use the first full release version of Minsky.

#15 in a set of 15 videos showing how to use the first full release version of Minsky.

#12 in a set of 15 videos showing how to use the first full release version of Minsky.