Summary of Pavlina Tcherneva's 2019 Challenge article (paywalled) added to IM-173064 Ch 19 Full employment policy of Macroeconomics textbook
Job Guarantee
IM-168155 Summary of Ch 27 of Mitchell Wray and Watts Textbook see IM-164967 for book overview with simplified Mike Radzicki's 2003 Evolutionary Economics history article added
History of Economic Thought 2
WIP Ideas from Science
Special Issue May 2014
For explicit links between wealth and output see: webpage.
@LinkedIn, Twitter, YouTube
The Science of Inequality
WIP Based on Steve Keen's Inaugural Kingston Lecture Youtube video slides models and data all at his blog
Is Capitalism Doomed to Crises
Structure of model in Nathan Forrester's 1983 MIT Thesis comprising 4 models
Macroeconomics System Dynamics Nathan Forrester
Causal loop representations of macroeconomics taken from the System Dynamics literature contrasted with Forrester's main analysis of social and business organization layers See also Saeed's Forrester Economics IM-183285
Macroeconomics causal loop diagrams
WIP SD REpresentation of Steve Keen's BOMD Minsky model (described in Fig.5 of his patreon Jan2021 Draft New Economics Manifesto) to hope to make the causal structure clearer
Keen Bank Originated Money and Private Debt
Figs 1 and 2 of David HArvey's Companion to Marx's Grundrisse illustrating the circulation of money and value in capitalism, dubbed as "value in motion" Also Waterstone and Chomsky Consequences of Capitalism Book
Marx and Circulation of Capital and Money
From billy blog Japan entries and Ch2 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
Japan and mainstream macroeconomics
Summary of Ch1 of Mitchell Wray and Watts Textbook see IM-164967 for overview
Macroeconomics Introduction
Summary of Ch 20 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
Introduction to Monetary and Fiscal Policy Operations
Causal loop representation of Keynesian macroeconomics taken from the System Dynamics literature, specifically Henize 1972 MIT D-memo D-1717. See also Nathan Forrester's SF CLD Diagram from his PhD IM-165714
Keynes theory of employment and inflation
This is a simplification of the Austerity vs Prosperity model in the hope that it will be easier to understand.
Clone of Austerity vs Prosperity v0
Overview of Ch 25 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
The Role of Investment in Profit Generation
Wagdy Samir work in progress. Addition of Bill Mitchell's draft textbook chapter1 See also The value of everything book IM
MacroEconomics
Summary of Ch 13 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
Theory of Effective Demand
Scratch build of a stock-flow consistent model of a closed economy, based on a current transactions matrix
Clone of Closed Economy
Map of SD work on Samuelson's 1939 model of the business cycle. See also D-memo D-2311-2 Gilbert Low 1976 and IM-165713. An alernative to the Ch 26 Macroeconomics textbook exposition. From Gil Low's Multiplier Accelerator Model of Business Cycles, Ch 4 of Elements of the System Dynamics Method Book edited by Jorgen Randers 1976 (MIT Press) and 1980 (Productivity Press)
Samuelson multiplier accelerator model
Goodwin business cycle model, modified from Keen and Blatt
Clone of Goodwin Business Cycle
Este modelo es una copia de "Goodwin Business Cycle". Quité al menos una variable y aproximé la relación discreta entre el nivel de empleo y el crecimiento anual del salario con una función basada en la tangente hiperbólica.
Ciclo de conyunctura de Goodwin
This model
shows the basic functioning and dynamics of a 'modern monetary system'.
The non-government
sectors, consisting of the private and foreign sectors initial y starts with
zero currency units. It is important to realize that after creating a new currency the government
must first spend currency units into the economy before they can be used:
without currency units the private sector could not even pay taxes! A government
that has its own freely floating currency can create a much money as it wants.
It does not need tax receipts to finance its spending, and any money it spends into
the economy above that collected in taxes represents income for the private
sector. The model show that the government initially created 9 trillion money units,
but spent only six trillion into the economy. The six trillion showed up as a government
deficit but as wealth in the non-government sector.
Since the government
can create as many money units as it wishes and transfer them to
the private sector to ensure an adequate
level of demand in the in the economy, austerity is unnecessary: money is available,
though real resource may be scarce. This also shows that the government can
contribute actively towards the creation of prosperity.
Please note that this model was originally
created by Gene Bellinger, IM 3206, from which this version was cloned.
Clone of Clone of Austerity vs Prosperity
WIP Exttension of IM-172005 Simulation of Goodwin01 Minsky Model. Compare with Part3 slide 5 of presentation in patreon
Clone of Goodwin02 Minsky Simulation Keen Economic Dynamics Aug2019
WIP Ideas from Science Special Issue May 2014
Clone of The Science of Inequality
Goodwin cycle IM-2010 with debt and taxes added, modified from Steve Keen's illustration of Hyman Minsky's Financial Instability Hypothesis "stability begets instability". This can be extended by adding the Ponzi effect of borrowing for speculative investment.
Clone of Minsky Financial Instability Model
