Minsky is a graphical system dynamics modelling application with a strong focus on economics and monetary systems. Models are built visually by placing variables, operations, integrators and other components on a canvas and connecting them to represent dynamic relationships.
Its distinctive Godley Table provides double-entry bookkeeping for constructing stock-flow consistent financial models. Minsky can also be driven programmatically, making it useful for automated simulations as well as interactive modelling.
This is free and open source software.
Key Features
- Graphical canvas for building system dynamics and economic models.
- Connect variables, mathematical operations, integrators and other model components using visual links.
- Godley Tables implement double-entry bookkeeping for stock-flow consistent financial modelling.
- Supports stocks, flows, parameters and other variable types.
- Built-in numerical integration for solving systems of differential equations.
- Dynamic graphs can be embedded directly in the modelling canvas.
- Adjust parameters while a simulation is running to explore model behaviour interactively.
- Groups help organise larger models into manageable sections.
- Python scripting allows models to be run and controlled in headless batch workflows.
- REST interface exposes model attributes and methods to external programs.
- Provides programmatic access to model variables, operations and simulation controls.
- Can log selected simulation variables for subsequent analysis.
- Exports model information and diagrams in formats including XML, LaTeX and SVG.
- Godley Tables can be exported to CSV or LaTeX.
- Supports reusable model files with a documented schema.
Website: sourceforge.net/projects/minsky
Support:
Developer: Steve Keen
License: GNU General Public License v3.0
Related Software
| Econometric Software | |
|---|---|
| R | Statistical computation and graphics system |
| gretl | Regression, Econometric and Time-Series Library |
| Grocer | Econometric toolbox for Scilab, software similar to Gauss and Matlab |
| GeoDa | Exploratory data analysis and spatial regression |
| gbutils | Set of command line utilities for the manipulation and statistical analysis of data |
| Draco | Econometrics and statistics package |
| Minsky | System dynamics program with additional features for economics |
| Dynare | Software platform for handling a wide range of economic models |
Read our verdict in the software roundup.
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