Tuesday, November 15, 2016

Stock-flow consistent (SFC) model for beginners [***Free Tool***]

A while ago I created the SIM(mple) model as a graphical tool on InsightMaker, which is a really great software that runs on the web for free and allows users to play around with the models and also copy them. Today I received an email informing me that the model has had 100 views – wow! It is originally from the book by Godley and Lavoie (not anymore) available here. The good thing about Insightmaker is that you can try out the model with different parameter choices and hence experience it without having to use some mathematical software. I hope that more people will get to know this really easy way of understanding the mechanisms behind the very simple SFC model.
econoblog 101
Stock-flow consistent (SFC) model for beginners
Dirk Ehnts | Lecturer at Bard College Berlin

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