Thermodynamics 2.0 was the "bisociation of thermodynamics with other academic disciplines such as physics, biology, sociology, economics... It is about merging two cultures, not just bridging the gap." I argue proper scientific methods should take economics over, not merge with what is currently there. I show macroeconomics doesn't need microeconomics, illustrate modeling using the Minsky system dynamics software, & expose the appallingly bad work of Neoclassical climate...
Read More »Thermodynamics 2.0 keynote: Macroeconomics, Minsky, & fraud in Neoclassical climate change economics
Thermodynamics 2.0 was the "bisociation of thermodynamics with other academic disciplines such as physics, biology, sociology, economics... It is about merging two cultures, not just bridging the gap." I argue proper scientific methods should take economics over, not merge with what is currently there. I show macroeconomics doesn't need microeconomics, illustrate modeling using the Minsky system dynamics software, & expose the appallingly bad work of Neoclassical climate change economists
Read More »Introduction to Monetary Post Keynesian Economics
This is a talk I've prepared for the University of Basel, which has established on online plural economics lecture series as part of the official curriculum--a move that I congratulate the University for. I give a very brief overview of the content and history of Post Keynesian economics, and then focus on Hyman Minsky's Financial Instability Hypothesis, and my work on both modelling Minsky and explaining the role of credit in aggregate demand and income. This includes a very brief...
Read More »Introduction to Monetary Post Keynesian Economics
This is a talk I've prepared for the University of Basel, which has established on online plural economics lecture series as part of the official curriculum--a move that I congratulate the University for. I give a very brief overview of the content and history of Post Keynesian economics, and then focus on Hyman Minsky's Financial Instability Hypothesis, and my work on both modelling Minsky and explaining the role of credit in aggregate demand and income. This includes a very brief...
Read More »Building a SEIRD (Susceptible/Exposed/Infected/Recovered/Dead) model of the #Coronavirus in Minsky
For a complete explanation of this model and how it was developed, please check my @Patreon page https://www.patreon.com/posts/36379285. Like most of my posts there, this is free access, with no paywall.
Read More »Building a SEIRD (Susceptible/Exposed/Infected/Recovered/Dead) model of the #Coronavirus in Minsky
For a complete explanation of this model and how it was developed, please check my @Patreon page https://www.patreon.com/posts/36379285. Like most of my posts there, this is free access, with no paywall.
Read More »Quick demo of Minsky: dynamic modeling software, especially but not only of monetary economics 2/2
This video completes the quick demo of Minsky, and explains why "time constants" are such a useful concept for modelling monetary flows.
Read More »Quick demo of Minsky: dynamic modeling software, especially but not only of monetary economics 2/2
This video completes the quick demo of Minsky, and explains why "time constants" are such a useful concept for modelling monetary flows.
Read More »Quick demo of Minsky: dynamic modeling software, especially but not only of monetary economics 1/2
This is a very impromptu demonstration of building a simple monetary model in Minsky. It shows how to use "Godley Tables" to build and extend a model of monetary transactions
Read More »Quick demo of Minsky: dynamic modeling software, especially but not only of monetary economics 1/2
This is a very impromptu demonstration of building a simple monetary model in Minsky. It shows how to use "Godley Tables" to build and extend a model of monetary transactions
Read More »