About
The map should match the territory
For 50 years, economist Steve Keen has built models that actually work — models that include debt, energy, and the financial system that orthodox economics leaves out.
Steve Keen
Economist, Author, Creator of Minsky
Steve Keen is one of the few economists who predicted the 2008 Global Financial Crisis. His work on debt deflation, endogenous money, and non-equilibrium economics has challenged mainstream thinking for decades.
He created Minsky — named after economist Hyman Minsky — as a tool for building the kind of dynamic, stock-flow consistent models that mainstream economics refuses to use. Today, Ravelation continues that mission with Ravel and RavelSim.
Further reading: Wikipedia · Google Scholar
What we stand for
Reality over orthodoxy
We build tools grounded in how the economy actually works — not how textbooks say it should.
Open source at the core
Minsky is and always will be open source. Science advances through transparency and collaboration.
Accessible complexity
Complex systems require sophisticated tools. We make those tools intuitive enough for anyone with curiosity.
Our journey
Steve Keen publishes early work on debt deflation and financial instability.
Keen's models predict the Global Financial Crisis — one of the few economists to do so.
Minsky first released (v1.D1) — open-source system-dynamics modelling.
Ravel development begins; the Bank of England confirms endogenous money creation, validating a core Minsky assumption.
Minsky 2.0 refactor completed.
First Ravelation demonstration website, using data from Steve's books.
Minsky 3.0 released — JavaScript-based frontend.
Ravel plugin released to the public; Ravelation founded to bring Ravel and RavelSim to a global audience.
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