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If Only Paul Samuelson Had a Tool Like This!?!

Summary:
Tony Wilson a long time viewer of the livestream and an engineer joins the show this week. Steve will also be giving as a test drive on the Ravel software, in what is our final show before our summer break.

Topics:
Steve Keen considers the following as important:

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Tony Wilson a long time viewer of the livestream and an engineer joins the show this week. Steve will also be giving as a test drive on the Ravel software, in what is our final show before our summer break.
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.

9 comments

  1. Will Ravel be available to amateurs for educational purposes without charge? I'm totally supportive of sale of the software for profit, but I'm hoping one of its purposes is to educate the public, which may be hindered by a paywall.

    • It’s $7 a month, which is hardly expensive. Once we have a solid revenue stream we can consider making it free for students, but we’ll more likely arrange a significant discount for users with an edu email, as Matlab does.

    • @GhostOnTheHalfShell

      @@ProfSteveKeen As a user of IDEs a yearly license may work out well. JetBrains hands out a yearly license key. The topic of paywall or not is subtle. In some studies, some sites see more revenue without them. Never drilled down into the article when I saw it float by my timeline, but I prolly should have.

  2. @Dr.RiccoMastermind

    And what about modern Tools like Power BI??

    • Ravel is much easier to use and a lot more powerful than Power BI. Check it out for yourself via https://www.patreon.com/Ravelation/posts

    • @Dr.RiccoMastermind

      @@ProfSteveKeen yeah, I saw what you can put together with Ravel, it's quite amazing. I wish I had enough knowledge to properly play with it, but I will try! 😉🙏

      So you didn't compare it to Power Bi, by purpose then, great. Just wondered

    • @@Dr.RiccoMastermind I have off-line, and it's chalk and cheese: Power BI is a pain to use, and doing analysis with separate pivot tables–say, dividing one with debt in domestic currencies by another in percent of GDP–is so difficult that, for non-specialist users, it's essentially impossible (maybe an expert user would be able to do it).

    • @Dr.RiccoMastermind

      @@ProfSteveKeen this is true, Iam in the middle of learning how to use power BI. It's tough and often non-intuitive for the developer (although it offers a lot of great advantages from excel pivots and power query).
      However, the resulting user interface or Dashboard can be very appealing and intuitive to visualize date – but you'll never really see, how the data is processed unlike with Ravel 🙏👍🏻👍🏻

    • @@Dr.RiccoMastermind Indeed! I look forward to hearing how you get on using Ravel instead. As a reminder, here's the link I shared in the chat: https://drive.google.com/file/d/10LqmQFfXvHHU-kaj7aubZ9zOKNN-kjGA/view?usp=drive_link

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