Training

Reading list

The works behind the tools. This is the academic foundation of the training and manuals — post-Keynesian, stock-flow-consistent and system-dynamics economics.

Start here

  • Keen, Steve. 2011. Debunking Economics: The Naked Emperor Dethroned? (Zed Books).
  • Keen, Steve. 1995. 'Finance and Economic Breakdown: Modeling Minsky’s Financial Instability Hypothesis', Journal of Post Keynesian Economics, 17: 607–35.
  • Godley, Wynne, and Marc Lavoie. 2007. Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth (Palgrave Macmillan).
  • Goodwin, Richard M. 1967. 'A growth cycle', in Socialism, Capitalism and Economic Growth (Cambridge University Press).
  • Blatt, John M. 1983. Dynamic Economic Systems: A Post-Keynesian Approach (Routledge).
  • Graeber, David. 2011. Debt: The First 5,000 Years (Melville House).

Full bibliography

Drawn from the reference sections of the Minsky and Ravel manuals. Searchable; DOIs link out where available.

111 references

  • Adamczewska, Agnieszka M., and Stephen Morris. 2001. 'Ecology and Behavior of Gecarcoidea natalis, the Christmas Island Red Crab, During the Annual Breeding Migration', The Biological Bulletin, 200: 305-20.
  • Asada, Toichiro, Pu Chen, Carl Chiarella, and Peter Flaschel. 2006. 'Keynesian Dynamics and the Wage-Price Spiral: A Baseline Disequilibrium Model', Journal of Macroeconomics, 28: 90-130.
  • Barnett II, William. 2004. 'Dimensions and Economics: Some Problems', Quarterly Journal of Austrian Economics, 7: 95-104.
  • Blatt, John M. 1983. Dynamic economic systems: a post-Keynesian approach (Routledge: New York).
  • Borio, Claudio, and William R. White. 2004. BIS Working Papers.
  • Braun, Martin. 1993. Differential Equations and Their Applications: An Introduction to Applied Mathematics (Springer: New York).
  • Carter, Scott. 2011. '"On the Cobb-Douglas and all that ...": the Solow-Simon correspondence over the aggregate neoclassical production function', J POST KEYNESIAN EC, 34: 255-74.
  • Chapman, Brian, and Steve Keen. 2006. 'Hic Rhodus, Hic Salta! Profit in a Dynamic Model of the Monetary Circuit', Storia del Pensiero Economico: Nuova Serie.
  • Chen, Yu-Ming. 2018. 'Dynamics of a Lorenz-type multistable hyperchaotic system', MATH METHOD APPL SCI, 41: 6480-91.
  • Chiarella, Carl. 2005. Foundations for a disequilibrium theory of the business cycle : qualitative analysis and quantitative assessment / Carl Chiarella, Peter Flaschel, Reiner Franke (Cambridge: Cambridge University Press: Cambridge).
  • Chiarella, Carl, and Peter Flaschel. 2000. The Dynamics of Keynesian Monetary Growth (Cambridge University Press: Cambridge).
  • Cobb, Charles W., and Paul H. Douglas. 1928. 'A Theory of Production', The American Economic Review, 18: 139-65.
  • Coolidge, Calvin. 1928. '"State of the Union Address: Calvin Coolidge (December 4, 1928)', **.
  • Desan, Christine. 2015. Making money : coin, currency, and the coming of capitalism / Christine Desan (Oxford: Oxford University Press).
  • Fisher, Franklin M. 1971. 'Aggregate Production Functions and the Explanation of Wages: A Simulation Experiment', The Review of Economics and Statistics, 53: 305.
  • ———, . 2013. Industrial dynamics (Mansfield Centre, CT: Martino Publishing).
  • Friedman, Milton. 1969. 'The Optimum Quantity of Money.', The Optimum Quantity of Money and Other Essays.
  • Gallegati, Mauro, Steve Keen, Thomas Lux, and Paul Ormerod. 2006. 'Worrying trends in econophysics', Physica A: Statistical Mechanics and its Applications, 370: 1-6.
  • Garrett, T.J. 2011. 'Are there basic physical constraints on future anthropogenic emissions of carbon dioxide?', Climatic Change, 104: 437-55.
  • ———, . 2012. 'Modes of growth in dynamic systems', Proceedings Of The Royal Society A: Mathematical, Physical And Engineering Sciences.
  • ———, . 2012. 'No way out? The double-bind in seeking global prosperity alongside mitigated climate change', Earth System Dynamics, 3: 1-17.
  • ———, . 2014. 'Long-run evolution of the global economy: 1. Physical basis', Earth’s Future, 2: 127-.
  • ———, . 2015. 'Long-run evolution of the global economy II: Hindcasts of innovation and growth', Earth System Dynamics, 6: 655-98.
  • Giraud, Gaël, and Matheus Grasselli. 2019. 'Household debt: The missing link between inequality and secular stagnation', Journal of Economic Behavior & Organization.
  • Godley, Wynne. 1999. 'Money and Credit in a Keynesian Model of Income Determination', Cambridge Journal of Economics, 23: 393-411.
  • Godley, Wynne, and Marc Lavoie. 2007. 'Fiscal Policy in a Stock-Flow Consistent (SFC) Model', Journal of Post Keynesian Economics, 30: 79-100.
  • ———, . 2007. Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth (Palgrave Macmillan: New York).
  • Goodwin, Richard M. 1967. 'A growth cycle.', Socialism, Capitalism and Economic Growth.
  • Graeber, David. 2011. Debt: The First 5,000 Years (Melville House: New York).
  • Grasselli, M., and B. Costa Lima. 2012. 'An analysis of the Keen model for credit expansion, asset price bubbles and financial fragility', Mathematics and Financial Economics, 6: 191-210.
  • Grasselli, Matheus R., and Aditya Maheshwari. 2017. 'A comment on ‘Testing Goodwin: growth cycles in ten OECD countries’', Cambridge Journal of Economics, 41: 1761-66.
  • Grasselli, Matheus R., and Adrien Nguyen-Huu. 2018. 'Inventory growth cycles with debt-financed investment', Structural Change and Economic Dynamics, 44: 1-13.
  • Graziani, Augusto. 1989. 'The Theory of the Monetary Circuit', Thames Papers in Political Economy.
  • Hall, Charles A. S. 2011. 'Introduction to Special Issue on New Studies in EROI (Energy Return on Investment)', Sustainability (Basel, Switzerland), 3: 1773-77.
  • Harcourt, G. C. 1972. Some Cambridge Controversies in the Theory of Capital (Cambridge University Press: Cambridge).
  • Hicks, J. R. 1935. 'Wages and Interest: The Dynamic Problem', The Economic Journal, 45: 456-68.
  • ———, . 1937. 'Mr. Keynes and the "Classics"; A Suggested Interpretation', Econometrica, 5: 147-59.
  • Holmes, Alan R. 1969. Controlling Monetary Aggregates.
  • Kaldor, Nicholas. 1957. 'A Model of Economic Growth', The Economic journal (London), 67: 591-624.
  • Keen, Steve. 1995. 'Finance and Economic Breakdown: Modeling Minsky', Journal of Post Keynesian Economics, 17: 607-35.
  • ———, . 2001. Debunking economics: The naked emperor of the social sciences (Pluto Press Australia & Zed Books UK: Annandale Sydney & London UK).
  • ———, . 2002. 'Debunking Efficient Markets? Comments', Quantitative Finance, 2: 406-07.
  • ———, . 2003. 'Economists Have No Ears.', The Crisis in Economics.
  • ———, . 2003. 'The mad method of economics.', Economics as a Social Science - New edition: Readings in Political Economy.
  • ———, . 2003. 'Nudge nudge, wink wink, Say No More.', Two Hundred Years of Say's Law.
  • ———, . 2003. 'The Russian Defeat of Economic Orthodoxy.', The Crisis in Economics.
  • ———, . 2003. 'Standing on the toes of pygmies:: Why econophysics must be careful of the economic foundations on which it builds', Physica A: Statistical Mechanics and its Applications, 324: 108-16.
  • ———, . 2004. 'Deregulator: Judgment Day for Microeconomics', Utilities Policy, 12: 109-25.
  • ———, . 2004. 'Improbable, Incorrect or Impossible? The Persuasive but Flawed Mathematics of Microeconomics.', A Guide to What's Wrong with Economics.
  • ———, . 2005. 'Why Economics Must Abandon Its Theory of the Firm.', Economics: Complex Windows.
  • ———, . 2009. 'A pluralist approach to microeconomics.', The Handbook of Pluralist Economics Education.
  • ———, . 2011. Debunking economics: The naked emperor dethroned? (Zed Books: London).
  • ———, . 2011. 'Debunking Macroeconomics', Economic Analysis & Policy, 41: 147-67.
  • ———, . 2011. 'Madness in their method.', Readings in Political Economy.
  • ———, . 2015. 'Is neoclassical economics mathematical? Is there a non-neoclassical mathematical economics?', What is Neoclassical Economics? Debating the origins, meaning and significance.
  • ———, . 2020. 'Burying Samuelson’s Multiplier-Accelerator and resurrecting Goodwin’s Growth Cycle in Minsky.', Feedback Economics : Applications of System Dynamics to Issues in Economics.
  • ———, . 2020. 'Emergent Macroeconomics: Deriving Minsky’s Financial Instability Hypothesis Directly from Macroeconomic Definitions', Review of Political Economy, 32: 342-70.
  • ———, . 2021. The New Economics: A Manifesto (Polity Press: Cambridge, UK).
  • Keen, Steve, Robert U. Ayres, and Russell Standish. 2019. 'A Note on the Role of Energy in Production', Ecological Economics, 157: 40-46.
  • Keen, Steve, and P. Ormerod. 2007. 'From Economics to Econophysics—towards a true science of economics?', Econophysics.
  • Keen, Steve, and Russell Standish. 2005. 'Irrationality in the neoclassical definition of rationality', American Journal of Applied Sciences.
  • ———, . 2006. 'Profit maximization, industry structure, and competition: A critique of neoclassical theory', Physica A: Statistical Mechanics and its Applications, 370: 81-85.
  • ———, . 2010. 'Debunking the theory of the firm—a chronology', Real World Economics Review, 54: 56-94.
  • ———, . 2015. 'Response to David Rosnick', World Economic Review, 2015: 130.
  • ———, . 1937. 'Alternative theories of the rate of interest', Economic Journal, 47: 241-52.
  • Keynes, John Maynard. 1920. The economic consequences of the peace (New York: Harcourt,Brace: New York).
  • ———, . 2012. The Conscience of a Liberal.
  • Kudryashov, Nikolay A. 2015. 'Analytical solutions of the Lorenz system', Regul. Chaot. Dyn, 20: 12333.
  • Kuhn, Thomas. 1970. The Structure of Scientific Revolutions (University of Chicago Press: Chicago).
  • Kummel, Reiner. 2011. The Second Law of Economics: Energy, Entropy, and the Origins of Wealth (Springer: New York).
  • Kümmel, Reiner, Robert U. Ayres, and Dietmar Lindenberger. 2010. 'Thermodynamic laws, economic methods and the productive power of energy', Journal of Non-Equilibrium Thermodynamics, 35: 145-79.
  • Kümmel, Reiner, Dietmar Lindenberger, and Florian Weiser. 2015. 'The economic power of energy and the need to integrate it with energy policy', Energy Policy, 86: 833-43.
  • Labini, Paolo Sylos. 1995. 'Why the interpretation of the Cobb-Douglas production function must be radically changed', Structural Change and Economic Dynamics, 6: 485-504.
  • Lavoie, Marc, and Gennaro Zezza. 2020. 'A Simple Stock-Flow Consistent Model with Short-Term and Long-Term Debt: A Comment on Claudio Sardoni', Review of Political Economy, 32: 459-73.
  • Leeson, Robert. 1994. 'A. W. H. Phillips M.B.E. (Military Division)', Economic Journal, 104: 605-18.
  • Leontief, W. W. 1946. 'Exports, Imports, Domestic Output, and Employment', The Quarterly Journal of Economics, 60: 171-93.
  • Leontief, Wassily. 1944. 'Output, Employment, Consumption, and Investment', The Quarterly Journal of Economics, 58: 290-314.
  • ———, . 1946. 'Wages, Profit and Prices', The Quarterly Journal of Economics, 61: 26-39.
  • Leontief, Wassily W. 1936. 'Quantitative Input and Output Relations in the Economic Systems of the United States', The Review of Economics and Statistics, 18: 105-25.
  • Li, Tien-Yien, and James A. Yorke. 1975. 'Period Three Implies Chaos', The American Mathematical Monthly, 82: 985-92.
  • Lindenberger, Dietmar, and Reiner Kümmel. 2011. 'Energy and the state of nations', Energy, 36: 6010-18.
  • Lorenz, Edward N. 1963. 'Deterministic Nonperiodic Flow', Journal of the Atmospheric Sciences, 20: 130-41.
  • Lotka, A. J. 1920. 'Analytical Note on Certain Rhythmic Relations in Organic Systems', Proceedings of the National Academy of Sciences of the United States of America, 6: 410-15.
  • Mankiw, N. Gregory. 1997. '[The Neoclassical Revival in Growth Economics: Has It Gone Too Far?]: Comment', NBER Macroeconomics Annual, 12: 103-07.
  • ———, . 2016. Macroeconomics (Macmillan: New York).
  • Mankiw, N. Gregory, Edmund S. Phelps, and Paul M. Romer. 1995. 'The Growth of Nations', Brookings Papers on Economic Activity, 1995: 1.
  • McLeay, Michael, Amar Radia, and Ryland Thomas. 2014. 'Money creation in the modern economy', Bank of England Quarterly Bulletin, 1: 14-27.
  • Meadows, Donella H., Jorgen Randers, and Dennis Meadows. 1972. The limits to growth (Signet: New York).
  • Minsky, Hyman P. 1957. 'Monetary Systems and Accelerator Models', The American Economic Review, 47: 860-83.
  • ———, . 1959. 'A Linear Model of Cyclical Growth', The Review of Economics and Statistics, 41: 13345.
  • ———, . 1982. 'The Endogenous Money Supply', Journal of Post Keynesian Economics, 2: 4970.
  • ———, . 1988. 'The Endogenous Money Supply', Journal of Post Keynesian Economics, 10: 372-85.
  • ———, . 1988. Horizontalists and Verticalists: The Macroeconomics of Credit Money (Cambridge University Press: Cambridge).
  • Murphy, Thomas W. 2021. Energy and Human Ambitions on a Finite Planet: Assessing and Adapting to Planetary Limits (University of California: San Diego).
  • Pasinetti, Luigi L. 1969. 'Switches of Technique and the "Rate of Return" in Capital Theory', The Economic Journal, 79: 508-31.
  • Pasinetti, Luigi L., Franklin M. Fisher, Jesus Felipe, J. S. L. McCombie, and Robert L. Greenfield. 2003. 'Cambridge Capital Controversies', The Journal of Economic Perspectives, 17: 227-32.
  • Phillips, A. W. 1954. 'Stabilisation Policy in a Closed Economy', The Economic Journal, 64: 290-323.
  • ———, . 1958. 'The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861-1957', Economica, 25: 283-99.
  • Pomeau, Yves, and Paul Manneville. 1980. 'Intermittent transition to turbulence in dissipative dynamical systems', Communications in Mathematical Physics, 74: 189-97.
  • Ramsey, F. P. 1928. 'A Mathematical Theory of Saving', The Economic Journal, 38: 543-59.
  • Sargent, Thomas J., and John Stachurski. 2020. '"Advanced Quantitative Economics with Python', **.
  • Shaikh, Anwar. 1974. 'Laws of Production and Laws of Algebra: The Humbug Production Function', Review of Economics and Statistics, 56: 115-20.
  • ———, . 1980. 'Laws of production and laws of algebra: Humbug II.', Growth, Profits and Property.
  • ———, . 2005. 'Nonlinear Dynamics and Pseudo-Production Functions', Eastern Economic Journal, 31: 447-66.
  • Solow, R. M. 1974. 'Intergenerational Equity and Exhaustible Resources', Review of Economic Studies, 41: 29.
  • Solow, Robert M. 1974. 'Law of Production and Laws of Algebra: The Humbug Production Function: A Comment', The Review of Economics and Statistics, 56: 121-21.
  • Sraffa, Piero. 1960. Production of commodities by means of commodities: prelude to a critique of economic theory (Cambridge University Press: Cambridge).
  • Standish, Russell, and Steve Keen. 2004. 'Emergent Effective Collusion in an Economy of Perfectly Rational Competitors', Proceedings 7th Asia-Pacific Conference on Complex Systems.
  • Stiglitz, Joseph. 1974. 'Growth with Exhaustible Natural Resources: Efficient and Optimal Growth Paths', The Review of Economic Studies, 41: 123-37.
  • Stiglitz, Joseph E. 1974. 'Growth with Exhaustible Natural Resources: The Competitive Economy', Review of Economic Studies, 41: 139.
  • Vague, Richard. 2019. A Brief History of Doom: Two Hundred Years of Financial Crises (University of Pennsylvania Press: Philadelphia).
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