Unfortunately, this model only produces the illusion of functioning, but I did manage to get it to give me the graph. However, because of the use of flows, if you change the time step to and the simulation length to anything other than the same numbers, you'll find the graph showing something that looks more exponential. This is due to the function referencing itself in regards to time, so inevitably each time consumption grows it changes the outcome on the other side of the equation. Still, this is a convincing mock up. I added a "45 degree" line so that one could conceivably see (and also change) the difference made by altering the level of autonomous consumption.

WIP Ideas from Science Special Issue May 2014

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

Simulation of Goodwin01 Minsky Model CLD in IM-172002 Compare with Part3 slide 3 of presentation in patreon. See extension Goodwin02 at IM-172145

Unfortunately, this model only produces the illusion of functioning, but I did manage to get it to give me the graph. However, because of the use of flows, if you change the time step to and the simulation length to anything other than the same numbers, you'll find the graph showing something that looks more exponential. This is due to the function referencing itself in regards to time, so inevitably each time consumption grows it changes the outcome on the other side of the equation. Still, this is a convincing mock up. I added a "45 degree" line so that one could conceivably see (and also change) the difference made by altering the level of autonomous consumption.

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

Summary of Ch 14 of Mitchell Wray and Watts Textbook see IM-164967 for book overview

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.

Scratch build of a stock-flow consistent model of a closed economy, based on a current transactions matrix

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.

WIP based mostly on Jan Toporowski 2013 vol 1 and 2018 vol 2 books on Michal Kalecki: An Intellectual Biography  

WIP Summary of Mariana Mazzucato's 2018 book See also IM-901 MacroEc

Goodwin business cycle model, modified from Keen and Blatt

From a March 2016 blog entry by Ari Andricopoulos

Circular equations WIP for Runy.

Summary of Ch 19 of Mitchell Wray and Watts Textbook see IM-164967 for book overview

Summary of Ch 16 of Mitchell Wray and Watts Textbook see IM-164967 for book overview

Goodwin business cycle model, modified from Keen and Blatt

From  billy blog Japan entries and Ch2 of Mitchell Wray and Watts Textbook see IM-164967 for book overview

WIP summaries of bill mitchell's blog postings related to the connections between macroeconomics and wellbeing, particularly via unemployment and inflation

WIP from Ch 8.6 of Mitchell Wray and Watts Textbook see IM-164967 for overview

Summary of Ch 21 of Mitchell Wray and Watts Textbook see IM-164967 for book overview

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.

Goodwin business cycle model, modified from Keen and Blatt