by Summary:
Modeling Minsky’s Financial Instability Hypothesis transforms Goodwin’s model with fixed cycles into one that can display chaos. In the first half of this lecture I explain the importance of nonlinearity and the number of dimensions of a dynamic model.
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Steve Keen considers the following as important:
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Modeling Minsky’s Financial Instability Hypothesis transforms Goodwin’s model with fixed cycles into one that can display chaos. In the first half of this lecture I explain the importance of nonlinearity and the number of dimensions of a dynamic model.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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