Written by John Lounsbury
This is the first in a set of six lectures/workshops given by Steve Keen to students at the “Summer Academy for Pluralist Economics 2019: Economics in Transformation” held in Thuringia, Germany on August 9-16, 2019.
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This introduction covers the (non-)history of dynamic analysis in economics, and the basics of designing a model in Minsky, the Open Source monetary system dynamics program that Prof. Keen designed and named in honor of Hyman Minsky, the developer of the Financial Instability Hypothesis.
The first 2/3 of the lecture covers the history of of consideration of dynamics in economics. The slides for this part of the lecture can be reviewed at Keen2019EconomicDynamicsOverviewPart01.pptx
The final 1/3 of the elcture suffers from limited visibility of the computer screen shots of Minsky Program operations.
If you want to check out Minsky and you are not yet a subscriber to Prof. Keen’s Patreon page or Minsky’s page, please sign up (for as little as $1/month at either site) and you can download the latest releases.
Source: YouTube.
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