Summary of Ch1 of Mitchell Wray and Watts Textbook see  IM-164967  for overview
Summary of Ch1 of Mitchell Wray and Watts Textbook see IM-164967 for overview
Plan for CCP project completion see  IM-102242   for WIP detail of the structures of the related models
Plan for CCP project completion see IM-102242  for WIP detail of the structures of the related models
Stephen P Dunn 2010 Book summary including Technostructure MMT PCT critical realist and managing perceptions links
Stephen P Dunn 2010 Book summary including Technostructure MMT PCT critical realist and managing perceptions links
7 months ago
Implementation of the Solow model of economic growth with labor enhancing technology.   parameters: s, alpha, delta, n, gA variables: Y. K, L, C, A per capita variables: y, k, c, a per capita and technology variables: y~, k~, c~ steady state variables: y~*, k~*, c~* all variables come with relative
Implementation of the Solow model of economic growth with labor enhancing technology.

parameters: s, alpha, delta, n, gA
variables: Y. K, L, C, A
per capita variables: y, k, c, a
per capita and technology variables: y~, k~, c~
steady state variables: y~*, k~*, c~*
all variables come with relative growth rates g

Features:

+steady state from beginning
+one time labor shock
+permanent savings quote shock
+permanent technological growth rate shock

Decreasing steady state variables when starting in steady state are numeric artifacts.
 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

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? 

This model shows the COVID-19 outbreaks in Burnie and the Government intervention to alleviate the crisis and also how is the intervention affect the economy.    It is assumed that the Government intervention is triggered when the COVID-19 case is equal to or more than 10.      Government interventi
This model shows the COVID-19 outbreaks in Burnie and the Government intervention to alleviate the crisis and also how is the intervention affect the economy.

It is assumed that the Government intervention is triggered when the COVID-19 case is equal to or more than 10. 

Government intervention - lock down the state, suppress the development of COVID-19 effectively. It is related to most of people stay at home to reduce the exposure in public area.
On the other hand, it also bring the economy of Burnie in the recession, as no tourists, no dining out activities and decrease in money spending in the city.
This model shows the operation of a simple economy with two modifications made to Model 2 -- 1) feedback from production rate to consumption rate and 2) the use of a fractional rate input for calculating consumption rate.   In summary, lower fractional rates of consumption (based on production) resu
This model shows the operation of a simple economy with two modifications made to Model 2 -- 1) feedback from production rate to consumption rate and 2) the use of a fractional rate input for calculating consumption rate. 

In summary, lower fractional rates of consumption (based on production) result in higher levels of Savings.
 Introduction:  This model demonstrates the COVID-19 outbreak in Burnie, Tasmania. It shows how the government policy tries to reduce the spread of COVID-19 whilst also impacting the local economy.      Assumptions:   This model has four variables that influence the number of COVID-19 cases: infecti
Introduction:
This model demonstrates the COVID-19 outbreak in Burnie, Tasmania. It shows how the government policy tries to reduce the spread of COVID-19 whilst also impacting the local economy.

Assumptions:
This model has four variables that influence the number of COVID-19 cases: infection rate, immunity loss rate, recovery rate and death rate.

In order to reduce the pandemic spread, in this model, assume the government released six policies when Burnie COVID-19 cases are equal or over 10 cases. Policies are vaccination promotion, travel restriction to Burnie, quarantine, social distance, lockdown and testing rate.

Government policies would reduce the pandemic. However, it decreases economic growth at the same time. In this model, only list three variable that influence local economic activities. 
Travel restrictions and quarantine will reduce Burnie tourism and decrease the local economy. On the other hand, quarantine, social distance, lockdown allow people to stay at home, increasing E-commerce business.
As a result, policies that cause fewer COVID-19 cases also cause more considerable negative damage to the economy.

Interesting insights:
One of the interesting findings is that the government policy would reduce the COVID-19 spread significantly if I adjust the total government policies are over 20% (vaccine promotion, travel restriction, quarantine, social distance, lockdown), 3560 people will die, then no more people get COVID-19.
However, if I change the total government policy to less than 5%, the whole Burnie people will die according to the model. Therefore, we need to follow the polices, which saves our lives.
The causal loops are presented to transfer values from Economic values in Capitalism to Community values in the new economy
The causal loops are presented to transfer values from Economic values in Capitalism to Community values in the new economy
Model shows the U.S. Education System
Model shows the U.S. Education System
 This model bases on the SIR model aims to indicate the relationship between the lockdown policy of the government for combating with COVID-19 and the economic activity in Burnie Tasmania during the pandemic.      This model assumes that more COVID-19 cases will lead to the more serious lockdown pol
This model bases on the SIR model aims to indicate the relationship between the lockdown policy of the government for combating with COVID-19 and the economic activity in Burnie Tasmania during the pandemic. 

This model assumes that more COVID-19 cases will lead to the more serious lockdown policy of the local government, which indirectly affect the economic activities and economic growth. The primary reason is that the lockdown policy force people to stay at home and reduce the chance to work and consume.

The simulation trend of the model is that the economy will keep a steady increase when the serious government policy reduces the COVID-19 spreading speed rate.

An attempt to combine ideas from Joe Stiglitz's  Book  The Price of Inequality,  Peter Turchin 's  book Secular Cycles  and Khalil Saeed and Oleg Pavlov's Dynastic Cycles SD model  paper
An attempt to combine ideas from Joe Stiglitz's Book The Price of Inequality, Peter Turchin's book Secular Cycles and Khalil Saeed and Oleg Pavlov's Dynastic Cycles SD model paper
Based on System Zoo EZ412D, EZ411, EZ412A.
Based on System Zoo EZ412D, EZ411, EZ412A.
Unfolding story based on Bogdanov's original A Short Course of Economic Science  text  and Pilyugina's 2019  article
Unfolding story based on Bogdanov's original A Short Course of Economic Science text and Pilyugina's 2019 article
5 months ago
Sandbox for testing InsightMaker features using pipeline Construction & ROW land conversion as a driver of changes in ecosystem service value.
Sandbox for testing InsightMaker features using pipeline Construction & ROW land conversion as a driver of changes in ecosystem service value.
Study of the self-and all the rest society
Study of the self-and all the rest society