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Will the Soufflé rise twice? (1)
One of the advantages of being overseas right now is that it takes less effort to avoid listening to the insipid discourse that passes for political debate during this Australian election. As Rudd and...
View ArticleFifteen Easy Minsky Pieces
Dr. Russell Standish and I have been working on Minsky now for almost two years now–ever since we received the $125K from INET’s Spring 2011 grant round: Russell as builder (coding in C++ and Tcl/Tk)...
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Minsky 1.0 now available
The latest “Petty” version of Minsky finally qualifies as a 1.0 release: there are enough system dynamic and user-interface features in it to declare it a stable release. We’ll modify it to remove any...
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What Janet Yellen—And Almost Everyone Else—Got Wrong
I was delighted to see, in Paul Krugman’s post of almost the same name, that he now identifies “the debt overhang” as the reason this economic downturn has persisted for so long: The best explanation,...
View ArticleAll subscribers: cancel your subscriptions
As expected, Lira has not replied to any emails from me asking him to honor our agreement and (a) transfer the ownership of the Debunkingeconomics.com URL back to me and (b) shut this blog site down....
View ArticleYearly subscribers–please demand refunds immediately
Since this site is now more than a year old, yearly credit card renewals are being triggered. I don’t want that to happen, since the site has been a commercial failure and I want to terminate it–as...
View ArticleYearly subscribers: please DO NOT renew!
I apologise for asking you to do the hard work here of blocking or declining renewal, but as usual I am getting no communication from Gonzalo Lira, my so-called partner in this website, who has...
View ArticleHow Academic Economics Suppresses Innovation
The Australian Business Deans Council (ABDC) has just released its new ranking of the quality of academic journals in economics. This listing in turn is used to rank the quality of academic research. A...
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A good election to lose?
Kevin Rudd came to power for the first time on December 3rd 2007—just a few months after the Global Financial Crisis commenced, and some time before its severity was truly appreciated by the political...
View ArticleFamous Models of Chaos in Minsky
As subscribers here know, the main reason for developing Minsky was to make it possible to build monetary models of the economy. But it is also a pretty good tool for doing standard system dynamics...
View ArticleA quick demo of quick Minsky
The speed with which a few useful modifications can be done to a a model in Minsky reminds me of the old “don’t try this at home” saying. I’d love to race someone adding the same concepts in a program...
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The Getting of Wisdom
Readers with long memories will recall Paul Krugman describing interest in the history of economic thought as “Talmudic scholarship” (see Figure 1), and dismissing it with an emphatic “I Don’t Care”:...
View ArticleYearly subscribers–please DO NOT renew
Hi everyone, The site has been in existence for a year now, and as you know I intend shutting it down soon, and focusing my efforts on my original Debtwatch site. Now that a year has rolled by, yearly...
View ArticleThe Reductionism stops here (1)
One of the defining features of Neoclassical economics is the belief that macroeconomic analysis has to be not merely compatible with, but derivable from, microeconomic analysis. The development of...
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Will the Soufflé rise twice? (1)
One of the advantages of being overseas right now is that it takes less effort to avoid listening to the insipid discourse that passes for political debate during this Australian election. As Rudd and...
View ArticleFifteen Easy Minsky Pieces
Dr. Russell Standish and I have been working on Minsky now for almost two years now–ever since we received the $125K from INET’s Spring 2011 grant round: Russell as builder (coding in C++ and Tcl/Tk)...
View ArticleClik here to view.
Minsky 1.0 now available
The latest “Petty” version of Minsky finally qualifies as a 1.0 release: there are enough system dynamic and user-interface features in it to declare it a stable release. We’ll modify it to remove any...
View ArticleClik here to view.
What Janet Yellen—And Almost Everyone Else—Got Wrong
I was delighted to see, in Paul Krugman’s post of almost the same name, that he now identifies “the debt overhang” as the reason this economic downturn has persisted for so long: The best explanation,...
View ArticlePlans for websites etc.
This is just a quick general communication to subscribers about upcoming plans. Firstly, as I’ve noted before, I will be shutting this subscription site down in the near future and it will revert to...
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Ready for Prime Time
It’s taken a while, but there is finally a version of Minsky that I’m happy to declare as “Minsky 1.0“. The stable release will now be permanently available at Minsky’s Sourceforge page (and on my...
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