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Alternative economics 3: Debt & Credit in Capitalist Economies & using Minsky

Summary:
(1) The “Smoking Gun of Credit”, including graphs for Malaysia and Singapore [Minutes 0-6] (2) Why Credit is a fundamental component of aggregate demand and income [5-19] (3) Designing a monetary model in free Open Source system dynamics program Minsky [19-52] (download from https://sourceforge.net/projects/minsky/) (4) Building a cyclical model in Minsky [52-End]

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(1) The “Smoking Gun of Credit”, including graphs for Malaysia and Singapore [Minutes 0-6]

(2) Why Credit is a fundamental component of aggregate demand and income [5-19]

(3) Designing a monetary model in free Open Source system dynamics program Minsky [19-52] (download from https://sourceforge.net/projects/minsky/)


(4) Building a cyclical model in Minsky [52-End]


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.

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