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Minsky brings system dynamics and monetary modelling to economics. Models are defined using flowcharts on a drawing canvas (as are Matlab's Simulink, Vensim, Stella, etc). Minsky's unique feature is the "Godley Table", which uses double entry bookkeeping to generate stock-flow consistent models of financial flows.
Minsky is good for demonstrating mathematics too, with the most "math-like" interface in system dynamics.
Sign up to Minsky's Patreon page (for as little as $1 a month) at https://www.patreon.com/Ravelation/. This creates a user community, which SourceForge doesn't facilitate.
Features
- Graphical modelling environment similar to Vensim and Simulink
- Unique feature of Godley table for modelling financial flows
- Dynamic graphs embedded in canvas
- Change simulation parameters on the fly to explore effects of economic policy, etc.
- System ODE solver
- Export of system as XML, LaTeX, SVG
- Manual at http://www.profstevekeen.com/minsky/
Project Samples
License
GNU General Public License version 3.0 (GPLv3)Follow Minsky
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User Reviews
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I returned to studying Economics at 48 and used Minsky to "re-learn" economic fundamentals. The difference between old-school economics and reality is exponential! I recommend this software to anyone that wants to know for themselves, and I am not just referring to economics. If you use this Minsky, you will begin to understand the simplicity of the System Dynamics (SD) community vis-à-vis stocks and flows, and from there, you can model anything within this framework. Better yet, the differential equations (calculus) are running in the background and are visible with a click of the mouse via a tap at the top of your working canvas. IMHO, Minsky is a way to efficiently model complex systems in software that is relatively easy to use and doesn't have that steep of a learning curve. Besides that, the software is endorsed and developed (along with Russell / hpcoder) by "The Greatest Living Economist" professor Steve Keen. As a community, let's all try to make Minky better. It has so much potential.
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I think Minsky is a promising software for explaining economics and together with lessons and articles of professor Keen on Patreon is a great tool for learning and understanding economics. Support from dr. Russel is also great.
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Economics needs this better financial analysis.
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Great tool helpful to understand Econometrics
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A program written exclusively for understanding economic dynamics has been long overdue. Now people can see and understand the economy themselves without relying on the mainstream media!