Minsky brings system dynamics and monetary modelling to economics. Models are defined using flowcharts on a drawing canvas (as are Matlab's Simulink, Vensim, Stella, etc). Minsky's unique feature is the "Godley Table", which uses double entry bookkeeping to generate stock-flow consistent models of financial flows.
Minsky is good for demonstrating mathematics too, with the most "math-like" interface in system dynamics.
Sign up to Minsky's Patreon page (for as little as $1 a month) at https://www.patreon.com/Ravelation/. This creates a user community, which SourceForge doesn't facilitate.
Features
- Graphical modelling environment similar to Vensim and Simulink
- Unique feature of Godley table for modelling financial flows
- Dynamic graphs embedded in canvas
- Change simulation parameters on the fly to explore effects of economic policy, etc.
- System ODE solver
- Export of system as XML, LaTeX, SVG
- Manual at http://www.profstevekeen.com/minsky/
Project Samples
License
GNU General Public License version 3.0 (GPLv3)Follow Minsky
Other Useful Business Software
The All-in-One Commerce Platform for Businesses - Shopify
Shopify is a leading all-in-one commerce platform that enables businesses to start, build, and grow their online and physical stores. It offers tools to create customized websites, manage inventory, process payments, and sell across multiple channels including online, in-person, wholesale, and global markets. The platform includes integrated marketing tools, analytics, and customer engagement features to help merchants reach and retain customers. Shopify supports thousands of third-party apps and offers developer-friendly APIs for custom solutions. With world-class checkout technology, Shopify powers over 150 million high-intent shoppers worldwide. Its reliable, scalable infrastructure ensures fast performance and seamless operations at any business size.
Rate This Project
Login To Rate This Project
User Reviews
-
I returned to studying Economics at 48 and used Minsky to "re-learn" economic fundamentals. The difference between old-school economics and reality is exponential! I recommend this software to anyone that wants to know for themselves, and I am not just referring to economics. If you use this Minsky, you will begin to understand the simplicity of the System Dynamics (SD) community vis-à-vis stocks and flows, and from there, you can model anything within this framework. Better yet, the differential equations (calculus) are running in the background and are visible with a click of the mouse via a tap at the top of your working canvas. IMHO, Minsky is a way to efficiently model complex systems in software that is relatively easy to use and doesn't have that steep of a learning curve. Besides that, the software is endorsed and developed (along with Russell / hpcoder) by "The Greatest Living Economist" professor Steve Keen. As a community, let's all try to make Minky better. It has so much potential.
-
I think Minsky is a promising software for explaining economics and together with lessons and articles of professor Keen on Patreon is a great tool for learning and understanding economics. Support from dr. Russel is also great.
-
Economics needs this better financial analysis.
-
Great tool helpful to understand Econometrics
-
A program written exclusively for understanding economic dynamics has been long overdue. Now people can see and understand the economy themselves without relying on the mainstream media!