WIP SD REpresentation of Steve Keen's BOMD Minsky model (described in Fig.5 of his patreon Jan2021 Draft New Economics Manifesto) to hope to make the causal structure clearer

Microeconomic measures can produce counterintuitive 'emergent' effects at the macro or systemic level. The commendable act of saving money by individuals during uncertain economic times has the perverse macroeconomic effect of making a recession  worse: in aggregate there will be less money available for spending, suppressing demand for goods and services. Economists call this effect 'the paradox of thrift'. Similarly, logical efforts by companies in such conditions to reduce their wage bill or their postponement of investment decisions will reduce spending in the economy  and deepen the economic downturn.

What can be done to counteract this harmful dynamic? The missing spending can be replaced by government spending: governments have it within their power to effectively counter economic downturns!

This is to support a discussion on money flows and growth. Money as a lubricant for the flow of embodied energy in human systems.
See also A Prosperous Way Down website

Tesla pestel Analysis

The model is built to demonstrates how Burnie Tasmania can deal with a new COVID-19 outbreaks, taking government policies and economic effects into account.

If no attempt is made to eradicate SARS-CoV-2 it will eventually become endemic, ineradicable, at a high never-ending cost to world in terms of economic growth, human health and lives. The current strategy adopted by most governments is to impose  restrictive measures when the virus threatens to overwhelm hospital services and to relax these restrictions as this danger recedes. This is short-sighted. It cannot eliminate the highly infectious delta variant, which has an estimated R0-value of between 6 & 9. Periodic lockdowns will be hard to avoid in the future.

However, eradication is possible, herd immunity can be achieved quickly worldwide, reducing the R0 permanently to below 1, which will lead to the disappearance of the virus. Critical in achieving this is Ivermectin, a medicine that is cheap,  readily available and can be manufactured by most countries. A recent meta study has shown that Ivermectin, prophylactically employed, can prevent infection with the virus  by 86 % on average – very similar to the efficacy of vaccines. Eradication will require employment of all the instruments shown in the graph: future generations do not have to live with this plague. 

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

Based on the Market and Price simulation model in System Zoo 3.

This Insight is the first in a series of models that examine the dynamics of population growth and decline in a simple environment.  It follows on from a series of four Insights that introduce the basic concepts of Systems Dynamics that start here.

The next Insight model introduces the concept of limits to growth and explores the more complex behaviour this generates.  The model can be found here. 

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.

However, an unchanging doctrine may prompt actions that influence and change reality. Do ill-adapted doctrinal reactions not increase the complexity in the world, potentially making everything worse? Some Neoliberal economic remedies come to mind. 

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

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.

​BACKGROUND:

Michael Marmot's Eur J Epidemiol Essay 2017 See also IM-62760  Social determinants of health from Michael Marmot's  ABC 2016 Boyer Lectures on Social Justice and the Health Gap