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Using Minsky for System Dynamics & Engineering

Summary:
Minsky has some neat features that should appeal to system dynamics and engineering modelers. I gave a brief lunchtime talk at the Norwegian University of Technology (http://www.ntnu.edu/) to members of the Department of Engineering Cybernetics, comparing Minsky to the industry leader Simulink. Though Minsky has nothing like Simulink’s power or library of functions, it does ...

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Minsky has some neat features that should appeal to system dynamics and engineering modelers. I gave a brief lunchtime talk at the Norwegian University of Technology (http://www.ntnu.edu/) to members of the Department of Engineering Cybernetics, comparing Minsky to the industry leader Simulink. Though Minsky has nothing like Simulink’s power or library of functions, it does some things a lot better than Simulink: notably passing values by variables as well as wires, embedding graphs into a simulation, enabling rapid keyboard entry of equations, and outputting models to LaTeX.


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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