Читать книгу The New Economics - Steve Keen - Страница 5

Figures and tables

Figures

2.1. Money enables the butter maker to buy a gun without the gun maker having to want butter

2.2. The State as the conduit for fiat money transfers where money is the State’s liability and physical gold its asset

2.3. Modelling the initiation of a monetary economy in Minsky

2.4. Growth of coins and the economy from an initial minting of 1,000 coins

2.5. The fundamental monetary operations of the government

2.6. US government debt and deficits over the past 120 years

2.7. US unemployment and inflation 1960–1990

2.8. The relationship between credit and unemployment

2.9. Private debt and credit in the USA since 1834

2.10. The banking sector’s view of a mixed fiat-credit economy

2.11. An integrated view of government deficits and private sector credit

2.12. Margin debt and the stock market’s cyclically-adjusted price-to-earnings ratio (CAPE) since 1910

2.13. Accounting for a Modern Debt Jubilee

2.14. Change in household credit and change in house prices (correlation 0.64)

3.1. The cyclical interaction of grass and cows

3.2. A predator-prey model in Minsky, using sharks and fish

3.3. Lorenz’s model of aperiodic cycles in the weather

3.4. The Keen-Minsky model and the ‘intermittent route to chaos’

3.5. Declining cycles in employment and inflation, while private debt rises

4.1. The basic principle of a heat engine: Work can be done if T_H > T_C

4.2. The correlation between change in global energy consumption and change in global GDP is 0.83

4.3. A simple energy-based model with resource depletion and waste production

4.4. Estimates of the total impact of climate change plotted against the assumed climate change

6.1. Simple population growth as an integral equation in Minsky

Tables

2.1. Economic performance of major periods in post-Second World War USA

2.2. A Moore Table showing expenditure IS income for a three-sector economy

2.3. The Moore Table for Loanable Funds

2.4. The Moore Table for bank-originated money and debt

2.5. Magnitude of credit and duration of negative credit in the USA’s major economic crises

4.1. Extract from Nordhaus’s table 5: breakdown of economic activity by vulnerability to climatic change in 1991 US$ terms