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Recent Posts

Should Governments run Deficits? a Minsky Model – Steve Keen's …

This is a talk about what the economic consequences could be of Australia's ambition to achieve a permanent government surplus of 1% of GDP. I present a very simple Minsky model in [...]

Why the US can't escape Minsky – Steve Keen's Debtwatch

But in fact this period — in the immediate aftermath to a crisis, when the economy is growing once more, and debt levels are only just starting to rise — is precisely the point from which Minsky developed his explanation of economic cycles. In his own words: “The natural … approach to economic modelling. The key issue I am tackling here is the prospect for a debt- deflation on the back of the enormous debts accumulated in Australia, and our very low rate of [...]

Minsky users please update – Steve Keen's Debtwatch – DebtDeflation

The penultimate Windows version of Minsky (released a few days ago) inadvertently installed an old kernel with a very low execution speed. This has been fixed in the latest version. If you downloaded [...]

Some sample Minsky models – Steve Keen's Debtwatch | Steve …

To support SourceForge's Project of the Month featuring Minsky , here are some sample Minsky models. To download them, right click and choose save as–otherwise they will open in a separate browser [...]

Minsky is SourceForge's Project of the Month – Steve Keen's …

SourceForge is one of the main development and repository sites for Open Source software, and late last year their community voted to make Minsky its Project of the Month for January 2014. We [...]

Mun iteration of Minsky now available – Steve Keen's Debtwatch …

The Mun iteration of Minsky , the Open Source system dynamics program with special features to handle monetary modeling, is now available at SourceForge: The Minsky Home Page at SourceForge The program now  … [...]

Crash Course in Disequilibrium Economics – Steve Keen's …

Lecture Three: Minsky's Financial Instability Hypothesis. Minsky's hypothesis brings these threads of disequilbrium analysis together, with direct influences from Marx, Schumpeter, Fisher, Kalecki, and Keynes–and in that order. … dynamic approach to economic modelling. The key issue I am tackling here is the prospect for a debt- deflation on the back of the enormous debts accumulated in Australia, and our very low rate of inflation. View all posts by Steve Keen [...]

Famous Models of Chaos in Minsky – Steve Keen's Debtwatch …

As regular readers here know, the main reason for developing Minsky was to make it possible to build monetary models of the economy. But it is also a pretty good tool for doing [...]

Make Japan Chaste and Continent, But Not Yet – NYTimes.com

Look, maybe Japan can sustain growth in the face of this tax increase. But maybe not. Why not wait until growth is firmly established, and in particular until expected deflation has been solidly replaced with expected [...]

The getting of wisdom: Krugman discovers the history of economic …

“So, first of all, my basic reaction to discussions about What Minsky Really Meant – and, similarly, to discussions about What Keynes Really Meant – is, I Don't Care,” Krugman said in 2012. “I mean, intellectual history is a fine endeavor. But for … The key issue I am tackling here is the prospect for a debt- deflation on the back of the enormous debts accumulated in Australia, and our very low rate of inflation. View all posts by Steve Keen ?. Bookmark the [...]