Thursday , September 28 2023
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The author 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.

# Steve Keen’s Debt Watch

## Chaotic Models In Minsky Part 1

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

## Chaotic Models In Minsky Part 2

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 1.0 Demo 16 Why Godley Tables matter

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.

## Minsky 1.0 Demo #14 Competitors

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

## Minsky 1.0 Demo #15 Why Godley Tables?

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

## Minsky 1.0 Demo #12 Lorenz model

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

## Minsky 1.0 Demo13 # Lorenz model with Sliders

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

## Minsky 1.0 Demo #09 Multiple Godley Tables

#9 in a set of 15 videos showing how to use the first full release version of Minsky. This video shows how to create more than one Godley Table to simulate both a Central Bank and a Private Banking Sector, and the way the program maintains consistency between the two. It also produces the first combined MMT-MCT model.