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

Project Activity

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License

GNU General Public License version 3.0 (GPLv3)

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Minsky Web Site

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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.
    1 user found this review helpful.
  • 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.
    2 users found this review helpful.
  • Economics needs this better financial analysis.
    1 user found this review helpful.
  • Great tool helpful to understand Econometrics
    1 user found this review helpful.
  • 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!
    2 users found this review helpful.
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Additional Project Details

Awards

Operating Systems

Cygwin, MinGW/MSYS2, Linux, BSD, Mac

Intended Audience

Financial and Insurance Industry, Science/Research, Education

User Interface

Electron, Angular

Programming Language

Python, C++, TypeScript

Related Categories

Python Simulation Software, Python Mathematics Software, Python Business Process Management Software, C++ Simulation Software, C++ Mathematics Software, C++ Business Process Management Software, TypeScript Simulation Software, TypeScript Mathematics Software, TypeScript Business Process Management Software

Registered

2011-11-29