Model what matters
The Model Gym
No spectators. Six areas, one job each — pick a question, open the model, put in the reps. Done reading about the economy? Come build one.
How you model an economy
2 workoutsThe method that makes the rest possible — dynamics you run, not diagrams you draw.
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How you model an economy
2 workoutsSystem Dynamics & ComplexityWhat if you could run the economy?Warming up
Stock-Flow-Consistent ModellingWhy can't a spreadsheet model a crisis?Warming up
Why economies crash
9 workouts · 2 openMoney, debt, and the machinery of boom and bust.
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Why economies crash
9 workouts · 2 openEndogenous Money & BankingWhere does money actually come from?Warming up
Private Debt & CreditIs private debt the thing economics can't see?Step in →Financial Instability (Minsky)Why do booms turn into busts?Warming up
Public Debt & Sectoral BalancesIs government debt actually a problem?Warming up
Central Banks & Interest RatesDo central banks actually control the economy?Warming up
International TradeDoes free trade really make everyone richer?Warming up
CryptocurrencyIs Bitcoin money — or a digital tulip?Warming up
Central Bank Digital CurrenciesIf the state issued digital cash, who creates money?Warming up
Modern Monetary TheoryDoes MMT get money right?Step in →Why the mainstream is wrong
3 workoutsThe mainstream — refuted on its own mathematics.
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Why the mainstream is wrong
3 workoutsMicroeconomicsDoes supply and demand even work?Warming up
Equilibrium & DSGEWhy did no model see 2008 coming?Warming up
Evolution & Market DynamicsIs the economy a machine, or a living system?Warming up
What the economy runs on
5 workouts · 2 openEnergy, climate, and the physical limits money pretends away.
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What the economy runs on
5 workouts · 2 openClimate ChangeClimate ChangeStep in →Energy in ProductionCan you have an economy without energy?Step in →
Economic GrowthWhat actually produces growth?Warming up
Limits to GrowthCan the economy grow forever on a finite planet?Warming up
Commodities & ResourcesWhy can't you just make more when the price rises?Warming up
What it means for us
3 workoutsThe theory aimed at the crises you actually feel.
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What it means for us
3 workoutsInequality & DistributionIs inequality just private debt in disguise?Warming up
Debt JubileeCan we just cancel the debt?Warming up
Artificial IntelligenceCan economics even model AI?Warming up
Where these ideas come from
1 workoutNot a new economics — a pioneering tradition, carried on.
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Where these ideas come from
1 workoutHistory of Economic ThoughtWhose economics is this, really?Warming up