by Summary:
Previous models have been either Godley Table or flowchart models. The full power of Minsky comes from integrating the two, with the flowchart method covering physical production and the Godley Tables enabling these to be integrated with financial flows.
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Steve Keen considers the following as important:
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Previous models have been either Godley Table or flowchart models. The full power of Minsky comes from integrating the two, with the flowchart method covering physical production and the Godley Tables enabling these to be integrated with financial flows.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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| Previous models have been either Godley Table or flowchart models. The full power of Minsky comes from integrating the two, with the flowchart method covering physical production and the Godley Tables enabling these to be integrated with financial flows. |
Thanks so much for demonstrating why every team of economists needs a member who is expert in mathematics and computer script. I paused your video as you zoomed in on the Portugal model. Is there a component in one of the many, which has variables for consumer and business debt and bank credit fueling their needs ? Given your early presentations in this series mentioning referencing bank credit – it would seem very important to the model. Thanks