A clone of the Goodwin cycle IM-2010 with debt and taxes added, modified from Steve Keen's illustration of Hyman Minsky's Financial Instability Hypothesis "stability begets instability". This can be extended by adding the Ponzi effect of borrowing for speculative investment: http://www.jstor.org/stable/10.2307/4538470.
This model requires development and testing. Please contact the author if you are able to help.
Minsky Financial Instability Model
An initial study of the economics of single use coffee pods.
Coffee Pods ISD Humanities v 1.02
Circular equations WIP for Runy.
Added several versions of the model. Added a flow to make C increase. Added a factor to be able to change the value 0.5. Older version cloned at IM-46280
Circularity in Economic models including Exports and Imports
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
From Greenhalgh et al article 2017 jimr Beyond Adoption: A New Framework for Theorizing and Evaluating Nonadoption, Abandonment, and Challenges to the Scale-Up, Spread, and Sustainability of Health and Care Technologies
NASSS Technology Adoption Framework
Overview of Part F Ch 25 and 26 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
Economic Instability
Economic growth cannot go on forever, although politicians and most economist
seem to think so. The activity involved in economic growth necessarily generates entropy (disorder and environmental degradation). Entorpy in turn generates powerful negative feedback loops which will, as
a response from nature, ensure that economic activity will eventually grind to
a complete halt. In these circumstances organised
society cannot persist and will collapse. The negative
feedback loops shown in this graph have already started to operate. The longer economic growth continues unabated, the more powerful these negative feedback loops will become. How long
can economic growth continue before it is overwhelmed? It may not be very far in the future.
Entropy and Negative Feedback may stop Growth soon
This model shows the operation of a simple economy. It demonstrates the effect of changes in the fractional rate of consumption (or the converse the fractional rate of saving.)
In summary, lower rates of consumption (based on production) result in higher rates of production and consumption in the long-run.
Simple Economy: Model 8 Alternative
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
Barangay IRAWAN Systems Model
Biophysical, Socio-cultural & Economic Data of Bgy. IRAWAN
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?
Economic Assessment Model Virtualisation of Electric Substations
Based on the Market and Price simulation model in System Zoo 3. Used in the System Thinking section of Regenerative Economics.
Price change from supply
ECONOMIC GROWTH feeds on itself, provided the
growth engine is fed with materials and
finance. In this highly simplified representation some of the factors that influence economic growth
are show in the incircled green fields. Governments can influence economic growth positively
via investments and payouts. The most
obvious tool which governments can use to slow an overheated economy is
taxation.
Economic Growth Engine
An initial study of the economics of single use coffee pods.
Coffee Pods ISD Humanities
This model also shows the operation of a simple economy. It differs from Model 1 primarily in the representation of all goods in the economy by units of measure of a higher level of abstraction. Thus, the same model can represent economies at different levels.
The simulation demonstrates how differing rates of consumption affect Savings.
Simple Economy: Model 2
This is part of series of model implemented from "Thinking in Systems" book by Donella Meadows
Thinking in Systems - Economic Capital - Fig 37, 44
Simple tragedy of the commons behavior model.
Common Resources
• This model examines how sustainable consumerism is from social, economic, and environmental aspects. The question in focus is "
How will our second-hand clothing donations affect communities in developing countries, specifically Kenya?"
5 Stock Variables:
• U.S. Consumers
• Multinational Corporations
• Overseas Factories
• Kenya
Highlight Findings:
To sum up, there are 4 major problems associated to donations:
• 1.
Source of problem is the consumer: Cheap deals attract hundreds of millions in revenue for fast fashion, and contribute to 100,000 tonnes of clothing to Kenya annually.
• 2. Rapid consumerism leads to over-utilization of slowly-renewable resources, such as water.
• 3. Nearly 96% of textiles jobs are eradicated by the massive inflow of clothing donations to Kenya.
• 4. The offshoring of textiles jobs enrages U.S. blue-collar workers, leading to the rise of protectionism.
Environmental, social, and economic sustainability aspects of textiles donations
Circular equations WIP for Runy.
Added several versions of the model. Added a flow to make C increase. Added a factor to be able to change the value 0.5. Older version cloned at IM-46280
Circularity in Economic models 2
Image Used;
Title: Industry Cliparts
Source: http://clipart-library.com/industry-cliparts.html
Creator: Clipart Library
Book: Meadows, D. H., & Wright, D. (2009). Thinking in systems: a primer. London: Earthscan.
Economic Capital
In CIV4 a City's Health stock is a flourishing yet complex condition which acts as a City attribute intended to limit growth. Positive and negative feedback impacts City Health flow and derives from many sources: city's site, buildings, wonders, civics, resources, population, etc.
What drives this flow? When a cities unhealthiness is greater than its health limit, then for each point of population above the health limit consumes 3 food apiece rather than the standard 2 pieces. This further depletes city resources leading to starvation. In addition the city’s health also affects the rate at which it accumulates food.
For example: too much growth causes overpopulation which leads to an unhealthy city. This unhealthy city leads to less food accumulation thereby resulting in starvation which further compounds the cities unhealthiness.
Civilization IV: City Health Modeling