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Workshop 03 Post Keynesian Dynamics using Minsky

Summary:
Building the basic Goodwin model in Minsky; Deriving the same model from macroeconomic definitions; Analysing its (in-)stability using its Jacobian matrix; Empirical test of the Goodwin model by Grasselli and Maheshwari; The red-herring of the current Neoclassical debate on the Phillips Curve; What Phillips actually said and was doing in the 1950s–building engineering-style nonequilibrium models ...

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Building the basic Goodwin model in Minsky;


Deriving the same model from macroeconomic definitions;


Analysing its (in-)stability using its Jacobian matrix;


Empirical test of the Goodwin model by Grasselli and Maheshwari;


The red-herring of the current Neoclassical debate on the Phillips Curve;


What Phillips actually said and was doing in the 1950s–building engineering-style nonequilibrium models of the economy;


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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