WIP Ideas from Science Special Issue May 2014
The Science of Inequality
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
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
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
Summary of Pavlina Tcherneva's 2019 Challenge article (paywalled) added to IM-173064 Ch 19 Full employment policy of Macroeconomics textbook
Job Guarantee
Goodwin business cycle model, modified from Keen and Blatt
Clone of Goodwin Business Cycle
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
Overview of Ch 25 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
The Role of Investment in Profit Generation
WIP based on Where profits come from paper , Nathan Tankus blog and other historical sources
Monetary Circuit Flows
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
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
Summary of Ch 13 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
Theory of Effective Demand
Correlation of National Electrification with Internal and External Influence Factors
Goodwin Model:
This is a basic version of the Goodwin Model based on Kaoru Yamagushi (2013), Money and Macroeconomic Dynamics, Chapter 4.5 (link)
Equilibrium conditions:
Devation from the equilibrium conditions generates growth cycles.
Clone of Clone of Goodwin Model
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
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
Summary of Ch 6 of Mitchell Wray and Watts Textbook see IM-164967 for overview
Sectoral accounting and the flow of funds
WIP SD representation of Ch11 of their 2007 Monetary Economics book, as suggested by Adam K. Plan is to do a top down simple money flow SFC mmt model and successively split sectors. See also essence of MMT IM and simpler version Ch3 IM
Godley and Lavoie Growth Model
WIP of Rammelt's 2019 System Dynamics Review Article which has STELLA and Minsky software versions as supplements. Compare with the older IM-2011 version
Clone of Simplified Keen Goodwin Minsky Financial Instability model
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
From billy blog Japan entries and Ch2 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
Japan and mainstream macroeconomics
From Bill Mitchell and Warren Mosler December2018 billy blog entry and mosler's MMT white paper (google docs) 2019. Some highly aggregated stocks and flows and boundaries introduced.
Clone of The essence of MMT
Summary of Ch 12 of Mitchell Wray and Watts Textbook see IM-164967 for book overview. Compare with SD CLD IM-169071
Clone of Keynes and the Classics
WIP Ideas from Science Special Issue May 2014
Clone of The Science of Inequality
