Components in Minsky

There are a number of types of components in Minsky

  1. Mathematical operators such as plus (+), minus (-)
  2. Constants (or parameters, which are named constants) which are given a value by the user
  3. Variables whose values are calculated by the program during a simulation and depend on the values of constants and other variables; and
  4. Godley Tables, which define both financial accounts and the flows between them. In the language of stock and flow modelling, the columns of a Godley table are the stocks, which are computed by integrating over a linear combination of flow variables.
  5. Integrals -- represent a variable computed by integrating a function forward in time.
  6. Groups, which allow components to be grouped into modules that can be used to construct more complex models.