Hi Laurynas, Yes. As Keynes put it in Treatise on Money "It is evident that there...
OK, I see the problem. He hasn't explained the function at all in his pdf, just stated...
The left hand side generates the nominal value for profits and the model assumes...
Have you worked through the demo videos at http://www.debtdeflation.com/blogs/2013/08/14/15-easy-minsky-pieces/...
No simple answer because the names of the variables aren't set in stone. Basically...
Thanks for this. Since my January post I have been reading the Godley and Lavoie...
In accountancy, the accounts for assets whose values decline due to mark-to-market...