Fig 17.15 p700 Causal structure of commercial real estate markets of Case Study from John Sterman's 2000 Business Dynamics Book 

WIP concepts from Rachel Turner's Book Neo-liberal Ideology

The model takes into account clothing production and textile waste on a global scale while incorporating Vancouver's own "Fast Fashion" issue into the model.

WIP Summary of Davies 2017 article from special Theory Culture and Society issue on Elites and Power after Financialization

OVERSHOOT GROWTH GOES INTO TURBULENT CHAOTIC DESTRUCTION

The existing global capitalistic growth paradigm is totally flawed

The chaotic turbulence is the result of the concept of infinite bigness this has been the destructive influence on all empires and now shown up by Feigenbaum numbers and Dunbar numbers for neural netwoirks

See Guy Lakeman Bubble Theory for more details on keeping systems within finite limited size working capacity containers (villages communities)

Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.

this model shows the relationship between economic growth and government debt (just the bailout debt) and the mortgage default burden. At the current rates, the debt will never be paid off.

WIP Summary of Mariana Mazzucato's 2018 book See also IM-901 MacroEc

From Jay Forrester 1988 killian lectures youtube video describing system dynamics at MIT. For more detailed biography See Jay Forrester memorial webpage For MIT HIstory see IM-184930 For Applications se IM-185462

Ocean/atmosphere/biosphere model coupled to economics-based simulations from Y2k on.

On the occasion of th G20-meeting in Toronto, the German Economics minister Herr Schaüble said that without restoring confidence it would not be possible to get consumer spending and business investment going. Similar remarks were made by David Cameron and Señor Zapatero of Spain. All maintain that confidence is a pre-requisite to get growth going and that, therefore, it was imperative to reduce fiscal deficits. Reducing the fiscal deficit will restore confidence at first. However, reducing the deficit very quickly will introduce a dynamic that may cause the economy to decline - and perhaps depress  consumers demand even further.  It will actually destroy confidence: few businesses are inclined to invest in a shrinking economy. Cutting the deficit too rapidly or too steeply can lead to a confidence trap.

NOTE: A big experiment is now taking place in the UK - the government has cut public spending severely! Will this lead to hardship and, perhaps, social unrest? 

Overview:

The COVID-19 Outbreak in Burnie Tasmania shows the process of COVID-19 outbreak, the impacts of government policy on both the COVID-19 outbreak and the GDP growth in Burnie.

Assumptions:

We set some variables at fix rates, including the immunity loss rate, recovery rate, death rate, infection rate and case impact rate, as they usually depend on the individual health conditions and social activities.

It should be noticed that we set the rate of recovery, which is 0.7, is higher than that of immunity loss rate, which is 0.5, so, the number of susceptible could be reduced over time.

Adjustments: (please compare the numbers at week 52)

Step 1: Set all the variables at minimum values and simulate

results: Number of Infected – 135; Recovered – 218; Cases – 597; Death – 18,175; GDP – 10,879.

Step 2: Increase the variables of Health Policy, Quarantine, and Travel Restriction to 0.03, others keep the same as step 1, and simulate

results: Number of Infected – 166 (up); Recovered – 249 (up); Cases – 554 (down); Death – 18,077 (down); GDP – 824 (down).

So, the increase of health policy, quarantine and travel restriction will help increase recovery, decrease confirmed cases, decrease death, but also decrease GDP.

Step 3: Increase the variables of Testing Rate to 0.4, others keep the same as step 2, and simulate

results: Number of Infected – 152 (down); Recovered – 243 (down); Cases – 1022 (up); Death – 17,625 (down); GDP – 824 (same).

So, the increase of testing rate will help to increase the confirmed cases.

Step 4: Change GDP Growth Rate to 0.14, Tourism Growth Rate to 0.02, others keep the same as step 3, and simulate

results: Number of Infected – 152 (same); Recovered – 243 (same); Cases – 1022 (same); Death – 17,625 (same); GDP – 6,632 (up).

So, the increase of GDP growth rate and tourism growth rate will helps to improve the GDP in Burnie.

This is a complex model of COVID-19 outbreak in Burnie Tasmania. It show the effect of government policy to local economic and the impact of Covid-19. 

Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.