Summary of Ch 27 of Mitchell Wray and Watts Textbook see IM-164967 for book overview See IM-169093 for added dynamic evolutionary economics history

Summary of Ch 27 of Mitchell Wray and Watts Textbook see IM-164967 for book overview See IM-169093 for added dynamic evolutionary economics history

Causal loop representations of macroeconomics taken from the System Dynamics literature contrasted with Forrester's main analysis of social and business organization layers See also Saeed's Forrester Economics IM-183285

WIP SD representation of Steve Keen's MMT Minsky Model of an MMT fiat credit economy August 2020 patreon

WIP SD representation of Steve Keen's MMT Minsky Model of an MMT fiat credit economy August 2020 patreon

Goodwin cycle IM-2010 with debt and taxes added, modified from Steve Keen's illustration of Hyman Minsky's Financial Instability Hypothesis "stability begets instability". This can be extended by adding the Ponzi effect of borrowing for speculative investment.

WIP SD REpresentation of Steve Keen's BOMD Minsky model (described in Fig.5 of his patreon Jan2021 Draft New Economics Manifesto) to hope to make the causal structure clearer

Summary of Ch 18 of Mitchell Wray and Watts Textbook see IM-164967 for book overview

Goodwin cycle IM-2010 with debt and taxes added, modified from Steve Keen's illustration of Hyman Minsky's Financial Instability Hypothesis "stability begets instability". This can be extended by adding the Ponzi effect of borrowing for speculative investment.

Model-SIM from Chapter 3 of Wynn Godley and Marc Lavoie's Monetary Economics, adapted for an open economy. The model is stock-flow consistent with only government money--no bills or bonds. No central bank and interest rates do not change. Government spends buying output from the production sector. The production sector is passive turning over all revenue over to households. Households save out of income and spend partially spend out of wealth. Imports and exports pass through the production sector illustrating the idea that consumer households buy from domestic businesses that which they have imported. The model also tracks the sectoral balance flows and changes in equity. Sectoral flows and equity balances match each other dollar for dollar to satisfy the sectoral balances accounting identity (Household Saving - Consumption) + (Business Saving - Expenditure) + (Taxes - Government Spending) - (Exports - Imports) = 0. Since business investment occurs internally to the Business Sector, 

Model-SIM from Chapter 3 of Wynn Godley and Marc Lavoie's Monetary Economics, adapted for an open economy. The model is stock-flow consistent with only government money--no bills or bonds. No central bank and interest rates do not change. Government spends buying output from the production sector. The production sector is passive turning over all revenue over to households. Households save out of income and spend partially spend out of wealth. Imports and exports pass through the production sector illustrating the idea that consumer households buy from domestic businesses that which they have imported. The model also tracks the sectoral balance flows and changes in equity. Sectoral flows and equity balances match each other dollar for dollar to satisfy the sectoral balances accounting identity (Household Saving - Consumption) + (Business Saving - Expenditure) + (Taxes - Government Spending) - (Exports - Imports) = 0. Since business investment occurs internally to the Business Sector, 

Goodwin business cycle model, modified from Keen and Blatt

Summary of Ch 19 of Mitchell Wray and Watts Textbook see IM-164967 for book overview

Summary of Ch 16 of Mitchell Wray and Watts Textbook see IM-164967 for book overview

Based on Ch 7.3 of Mitchell Wray and Watts Textbook see IM-164967 for overview. See IM-165546 for a conversion to a continuous time stock flow version of this simple example

Causal loop unfolding story based on my Jan2026 Gemini interaction stimulated by stepanie kelton's substack post on Warren mosler advice on japan then Gene Bellinger's mc and mr prompts incorporating Bill MItchell's blog entries on Japan

Causal loop structure generated by Gene Bellinger's Gemini scripts from Steve Keen's Jan 2026 substack posting Equilibrium (is) for Dummies

Causal loop diagram of differing stories of the dynamics of Empires and Currency dominance based on Jan2026 Gemini interactions stimulated by Steve Keen substack post on the end of the US global monetary system

Revisited Essence of MMT 2019 insight using Jim Byrne's popular mmt101 blog entry Modern Monetary Theory (MMT) in 70 Bullet Points as the basis of my Gemini interaction Feb 2026 using Gene Bellinger's AI prompts for causal loop diagrams. See insight version including 2019 notes for extras

Causal loop structure of Steve Keen's video Why 'Balancing The Budget' Will Actually Crash The Economy generated by my Gemini interaction  Feb2026 using Gene Bellinger's AI prompts

Expanded from MMT 101 Overview insight which is a Revisited Essence of MMT 2019 insight using Jim Byrne's popular mmt101 blog entry Modern Monetary Theory (MMT) in 70 Bullet Points as the basis of my Gemini interaction Feb 2026 using Gene Bellinger's AI Causal loop diagram prompts including 2019 notes