If you've ever learnt something from one of my Youtube lectures, now's the time to say "thanks" in a very practical way.Minsky: the Kickstarter Pitch
Make a pledge at Kickstarter to help develop my "Minsky" monetary modeling program: http://t.co/rzFwjEnJ
It will take $1 million to develop the best economic modeling software ever, and we can only do it if you get behind us and pledge. Any amount from $1 to $10,000 will help. Your primary benefit will be a piece of software that may well revolutionize economics by finally making it easy to model banks, debt and money in macroeconomics.
ProfSteveKeen
3 comments:
[Keen: Paul Krugman’s riposte to my paper for the Berlin INET conference in which I set out a method to build strictly monetary models of the economy. Krugman commented that:] "Keen … asserts that putting banks in the story is essential. Now, I’m all for including the banking sector in stories where it’s relevant; but why is it so crucial to a story about debt and leverage?"
http://www.businessspectator.com.au/bs.nsf/Article/central-bank-Treasury-macroeconomics-BIS-GFC-pd20130102-3JW4T
Goes to show what a fantasyland orthodox economists live in. They literally think petty operations don't have a significant effect on real outcomes, and hence can be left out of "real" models.
Can someone send Krugman a list of when & where "operations" count.
1) say ... when Kalishnikoff added chrome plating inside the barrel, & to other moving parts, of an automatic rifle; simple step, HUGE reliability & cost-usage repercussions
... (other suggestions? it'll be an endless list; start with Planck's constant and the Big Economic Bang?)
Also, Thom Hartmann interviews Steve Keen - video in 3 parts
this series from steve is not bad - some MMTer needs to come up with something similar.
apologies if the above makes us sound like a broken record.
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