Minsky

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

Model of a double pendulum chaotic system

Financial flows can be defined using a double entry bookkeeping system in a spreadsheet

Lorenz equations: the iconic "butterfly" attractor

Project Activity

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User Reviews

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hendrik-geisler Posted 2026-01-07

Just what I needed to start relearning the science of Economics.
planksip Posted 2022-11-01

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.
kresimir-g Posted 2018-02-02

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.
polpak Posted 2016-03-28

Economics needs this better financial analysis.

1 user found this review helpful.
efs710920mex Posted 2014-10-22

Great tool helpful to understand Econometrics

1 user found this review helpful.