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Introduction to System dynamics in economics using Minsky

Summary:
This talk at an Association for Heterodox Economists workshop for PhD students. I explain the concept of system dynamics, and Minsky’s unique feature of Godley Tables that generate financial flow equations using double entry bookkeeping. Download Minsky from https://sourceforge.net/projects/minsky/.

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This talk at an Association for Heterodox Economists workshop for PhD students. I explain the concept of system dynamics, and Minsky’s unique feature of Godley Tables that generate financial flow equations using double entry bookkeeping. Download Minsky from https://sourceforge.net/projects/minsky/.


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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