SANTOS, CLAUDIO H. DOS - In: Journal of Post Keynesian Economics 27 (2005) 4, pp. 712-735
This paper proposes a fully consistent and general "Minskyan artificial economy" and uses it to analyze a small but representative sample of "formal Minskyan" models. It concludes that these models often assume oversimplified hypotheses that do not do justice to Minsky's literary analyses and,...