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Transcending the Lucas Critique with Minsky. My talk in Manchester Economics For Everyone

Summary:
I show that working from strictly true macroeconomic identities leads to Minsky’s model of financial instability. I also build a Minsky model from scratch, showing the various features in the Open Source system dynamics program Minsky https://sourceforge.net/projects/minsky/). My talk in Manchester Economics For Everyone

Topics:
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I show that working from strictly true macroeconomic identities leads to Minsky’s model of financial instability. I also build a Minsky model from scratch, showing the various features in the Open Source system dynamics program Minsky https://sourceforge.net/projects/minsky/). My talk in Manchester Economics For Everyone


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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