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Solow model without external factors.
Solow Model
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Output vs. depreciation from Meadows
Economic Loop
11 months ago
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This page provides a structural analysis of POTUS Candidate Scott Walker based on the information at: https://www.scottwalker.com/news/why-i%E2%80%99m-running-president   The method used is Integrative Propositional Analysis (IPA) available: ​ http://scipolicy.org/uploads/3/4/6/9/3469675/wallis_white_paper_-_the_ipa_answer_2014.12.11.pdf
DRAFT IPA of Scott Walker Economic Policy
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Causal loop diagram capturing the interactions, trade-offs, and synergies between agriculture (SDG 2), water availability (SDG 6), economic growth (SDG 8), and life on land (SDG 15). Positive feedback linkages are shown as a positive sign (+), whereas negative feedback linkages are shown with a negative sign (−). The purple arrows indicate the enviro-biophysical linkages. The green arrows indicate the socio-economic linkages. The SDG icons are courtesy of the UN SDG communications material. 


Reference - Bandari, Reihaneh, et al. "Participatory Modeling for Analyzing Interactions Between High‐Priority Sustainable Development Goals to Promote Local Sustainability." Earth's Future 11.12 (2023): e2023EF003948.

The Story of Interactions of SDGs
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A sample model for class discussion modeling COVID-19 outbreaks and responses from government with the effect on the local economy.  Govt policy is dependent on reported COVID-19 cases, which in turn depend on testing rates less those who recover

Assumptions
The government has reduced both the epidemic and economic development by controlling immigration.




Yuhao c, BMA708_Marketing insights into Big Data.
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A Tragedy of the Commons situation exists whenever two or more activities, each, which in order to produce results, rely on a shared limited resource. Results for these activities continue to develop as long as their use of the limited resource doesn't exceed the resource limit. Once this limit is reached the results produced by each activity are limited to the level at which the resource is replenished. As an example, consider multiple departments with an organization using IT resources, until they've exhausted IT capacity.

Environmental economics Niger Delta oil polluted case study
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Modern industrial civilisation has created massive interdependencies which define it and without which it could not function. We all depend on industrial farming to produce the food we eat, we depend on gasoline being available at the gas station,  on the availability of electricity and even on the bread supplied by the local baker. Naturally, we tend to support the institutions that supply the amenities and goods to which we have become accustomed: if we get our food from the local supermarket, it is likely that we would be opposed to it’s closure. This means that the economic system that relies on continuous growth enjoys implicit societal support and that nothing short of environmental disaster or a shortage of essential raw materials will impede it’s growing indefinitely. It is not hard to work out the consequences of this situation!

The Inescapable Dynamic of Economic Growth
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​In a recent report, the World Economic Forum considered that the use of robots in economic activity will cause far more job losses in the near future than there will be new ones created. Every economic sector will be affected. The CLD tries to illustrate the dynamic effects of replacing human workers with robots. This  dynamic  indicates that if there is no replacement of the  income forgone by the laid off workers, then the economy will soon grind to a halt. To avoid disaster, there must be enough money in circulation, not parked in off-shore investments, to permit the purchase of all the goods and services produced by robots. The challenge for the government is to make sure that this is  case.  

ROBOTS AND A DISATROUS ECONOMIC DYNAMIC
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Economics Fast Fashion
13 3 months ago
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WIP of Rammelt's 2019 System Dynamics Review Article which has STELLA and Minsky software versions as supplements. Compare with the older IM-2011 version

Simplified Keen Goodwin Minsky Financial Instability model
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Modern Blockchain Economics
3 months ago
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The World3 model is a detailed simulation of human population growth from 1900 into the future. It includes many environmental and demographic factors.

THIS MODEL BY GUY LAKEMAN, FROM METRICS OBTAINED USING A MORE COMPREHENSIVE VENSIM SOFTWARE MODEL, SHOWS CURRENT CONDITIONS CREATED BY THE LATEST WEATHER EXTREMES AND LOSS OF ARABLE LAND BY THE  ALBEDO EFECT MELTING THE POLAR CAPS TOGETHER WITH NORTHERN JETSTREAM SHIFT NORTHWARDS, AND A NECESSITY TO ACT BEFORE THERE IS HUGE SUFFERING.
BY SETTING THE NEW ECOLOGICAL POLICIES TO 2015 WE CAN SEE THAT SOME POPULATIONS CAN BE SAVED BUT CITIES WILL SUFFER MOST. 
CURRENT MARKET SATURATION PLATEAU OF SOLID PRODUCTS AND BEHAVIORAL SINK FACTORS ARE ALSO ADDED

Use the sliders to experiment with the initial amount of non-renewable resources to see how these affect the simulation. Does increasing the amount of non-renewable resources (which could occur through the development of better exploration technologies) improve our future? Also, experiment with the start date of a low birth-rate, environmentally focused policy.

2014 Weather & Climate Extreme Loss of Arable Land and Ocean Fertility - The World3+ Model: Forecaster
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Map of Geoffrey M Hodgson's 2015 Conceptualizing Capitalism book summary pdf  with other ideologies added sept 2021 from new politics website
Capitalism and Ideologies
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Insight Stage 4 Dress Rehearsal Economy and Fossil Fuels
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Tese CO2 Supply_CTCP - bloco A
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The term 'work' has been  used in this model in the sense of economic activity to include not only work done by people but also by machines. The model shows 8 positive feedback loops that reinforce work and the need to work. From the perspective of physics, civilisation can be described as a MECHANISM FOR USING ENERGY AND DOING WORK.  

Work, however, has some unavoidable consequences. The second law of thermodynamics tells us that any ‘work’ requires the use of energy and that DOING WORK entails the generation of WASTE HEAT. The laws of physics also tell us that CO2 emissions from burning fossil fuels will cause global warming. These unintended and unavoidable consequences are highlighted in the model by prominent arrows.

Can the structure of this system be changed to avoid a foreseeable collapse of civilisation?

Do economic activity and work unavoidably lead to doom?
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Investigations into the relationships responsible for the success and failure of nations. This investigation was prompted after reading numerous references on the subject and perceiving that *Why Nations Fail: The Origins of Power, Prosperity, and Poverty* by Acemoglu and Robinson seem to make a great deal of sense.

Original model done for The Perspectives Project though recast into Kumu.
Why Nations Fail
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Economic Assessment Model Virtualisation of Electric Substations
4 2 weeks ago
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Simple model of the global economy, the global carbon cycle, and planetary energy balance.

The planetary energy balance model is a two-box model, with shallow and deep ocean heat reservoirs. The carbon cycle model is a 4-box model, with the atmosphere, shallow ocean, deep ocean, and terrestrial carbon. 

The economic model is based on the Kaya identity, which decomposes CO2 emissions into population, GDP/capita, energy intensity of GDP, and carbon intensity of energy. It allows for temperature-related climate damages to both GDP and the growth rate of GDP.

This model was originally created by Bob Kopp (Rutgers University) in support of the SESYNC Climate Learning Project.
Simple Climate-Carbon-Economic Model
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GSGS_HW2_GREENING_THE_GHETTO
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Adam Smith's The Invisible Hand: The Feedback Structure of Markets. From Sterman JD Business Dynamics p170 Fig 5-26. A price-mediated resource allocation system..

Price control mechanism
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WIP based mostly on Jan Toporowski 2013 vol 1 and 2018 vol 2 books on Michal Kalecki: An Intellectual Biography  
Layout Consistent with David Wheat MacroEconomic model CLD Insight by Gene Bellinger  
Kalecki economic thought
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Public utilities do not need to make a profit. They can concentrate on providing a quality service, a public good. By contrast, the primary objective of private utilities is not to provide a public good, but profit and profitability. This simple CLD tries to show the conflict that can arise from this and a hidden dynamic, a reinforcing feedback loop, that can lead to disaster. Unfortunately, there are examples where failure in infrastructure maintenance has led to disaster. On the 9th of July 2009, the German newspaper 'Welt Online' reported that the authorities in Berlin had to intervene and force the company that was running Berlin's S-Bahn (suburban rail service) to withdraw half of all the city's trains from service because they were considered unsafe! Something similar happened in the UK where failure to maintain rail tracks led to serious accidents. 

Private Utility's Objective: Provision of a Public Good or Profit?
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Employment Dynamics