Monetary economicsWynne Godley
Monetary economics
by Wynne Godley · first published 2012
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Try the work of Wynne Godley and Marc Lavoie, who use stock-flow consistent models to model the economy. See their book: Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth [1] [1]https://www.amazon.com/Monetary-Economics-Integrated-Approac...
on “Ask HN: Has anyone tried to model the entire business world as a graph?” ↗…read some things on my own. I have a few thoughts that may well have errors or misunderstandings. 1. Of all the various schools of economics post-keynesian economics (PKE) made the most sense to me. "Monetary Economics" by Godley and Lavoie is a good reference. A few claims: the money supply inflates and contracts based on the credible demand for loans and the bank money multiplier does not exist in almost all modern…
on “Ask HN: Would a universal basic income lead to inflation?” ↗