by Summary:
I start with a discussion of how economic models should be developed–rejecting the microfoundations approach of Neoclassical economics & instead arguing that we should start from undeniably true economic identities. I develop Goodwin’s model of cyclical growth in Minsky (https://sourceforge.net/projects/minsky/), extend this to include debt and show that this simple model generates both a “Great ...
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I start with a discussion of how economic models should be developed–rejecting the microfoundations approach of Neoclassical economics & instead arguing that we should start from undeniably true economic identities. I develop Goodwin’s model of cyclical growth in Minsky (https://sourceforge.net/projects/minsky/), extend this to include debt and show that this simple model generates both a “Great ...
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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