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Minsky 2.0 Introduction (3) Building a Predator-Prey Model

Summary:
The main strength of system dynamics programs is modelling systems that interact in nonlinear, non-equilibrium ways, and the very first such system discovered was the interaction of predators with prey. This video shows building a simply predator-prey model, and compares the product in Minsky with that in Vensim.

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The main strength of system dynamics programs is modelling systems that interact in nonlinear, non-equilibrium ways, and the very first such system discovered was the interaction of predators with prey. This video shows building a simply predator-prey model, and compares the product in Minsky with that in Vensim.


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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