Steve Keen: A Computer Simulation of Monetary Dynamics

The video discusses the Minsky project, a dynamic monetary simulation tool aimed at capturing economic insights. It highlights the limitations of traditional equilibrium-focused economic models and emphasizes the importance of modeling the monetary system. The project draws on complexity theory and the monetary circuit approach, offering a nonlinear perspective on economic dynamics. The speaker shares their personal journey and the educational potential of the Minsky tool, which helps break away from equilibrium thinking and supports both research and teaching.

Who is the professor mentioned in the text and what is his area of expertise?

What is the name of the dynamic simulation tool discussed in the text?

What is the significance of Minsky's perspective on the economy according to the text?

How does the text describe the relationship between the monetary system and capitalism?

What are the limitations of existing modeling technologies mentioned in the text?

What role do banks play in the dynamic model discussed?

What is the relationship between complexity theory and the modeling approach described?

How does the text explain the concept of nonlinear dynamics in economics?

What influence did Graziani have on the author's understanding of monetary dynamics?

What educational purpose does the Minsky project serve according to the text?