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.

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