A Model for COVID-19 outbreak
AT3
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
This Insight is used for simulating growth of a company with specified parameters.
CompanyGrowth
This model is made to illustrate the components that impact profitability on a basic level.
Profit maximizing
Clone of Economic Assessment Model Virtualisation of Electric Substations
This is Figure 6 from Lancastle, N. (2012) 'Circuit Theory Extended: The Role of Speculation in Crises' based on Keen, S. (2010). Solving the Paradox of Monetary Profits.
http://www.economics-ejournal.org/economics/journalarticles/2012-34
Banks expand their lending, which in this model leads to higher production, wages and spending. The result is an increase in total spending.
Keynesian Boost
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
Book summary of Albert O Hirschman's 1982 book, explaining cycles of collective public action.
Shifting involvements
Ocean/atmosphere/biosphere model tuned for interactive economics-based simulations from Y2k on.
Q1 Final Project w/ socio-economic
• 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.
The environmental, social, and economic sustainability aspects of textiles donations
economic capital has a reinforcing loop (investment of output) governing growth and a balancing loop (depreciation) governing decline.
Stephen P Dunn 2010 Book summary including Technostructure MMT PCT critical realist and managing perceptions links
The Economics of JK Galbraith
Rich picture- opioid epidemic
During the 'big recession' many governments have
deliberately repressed salaries, usually via structural reforms, in order to
gain competitivity. However, repression of salaries increases inequality,
social discontent and often has counterintuitive effects. Salaries are a cost
for companies, but they are also the basis for the demand for the goods and services
they offer: people with little income cannot afford them. Scientific studies
have shown repeatedly that economic growth generated via salary increases does
not endanger the creation of employment, but rather reinforces
it. In most countries, the 'positive effect of salary increases' eclipses any
possible negative effects on export competitivity and even any detrimental
effect on investment. A good example of such a study is the work of ONARAN and OBST
on Wage-led Growth in the EU15 Member States (2016). This positive dynamic has been highlighted in the
model by prominent arrows. The policy implications for governments are clear!
Dynamik Linking Wage Increases to Higher Growth and Profits
WIP Ideas from Science Special Issue May 2014
The Science of Inequality
Brainstorming - Scoping constraints of tradeoff microanalysis
In this Insight I focus on the demand site of the Market and Price model, leaving the supply side out.
Demand factors
Clone of Wagdy Samir Macroeconomics work in progress IM-901 Additions and deletions based on Robert Skidelsky's description of Keynes general THeory from his Biography Vol2 p 549 -571
Keynes General Theory
This model shows the operation of an extremely simple economy. The system produces and consumes each item (or good) at a fixed rate.
When production exceeds consumption, consumer goods accumulate in stocks. Trading may occur between actors in this system. That will not, however, affect the quantities of the stocks of goods. It only affects ownership (not a concern of this model.)
Simple Economy: Model 1
WIP based on Bill mitchell's blogs.
Sectoral balances are relationships among money flows during an accounting period. Where we perceive accumulations of past imbalances to be accrued is another matter....
MMT Fiscal position
Based on 2023 framework from Australian Treasury mapped into the Salutogenesis framework via social wellbeing
Measuring What Matters Framework
Initial Stock & Flow of Energy Infrastructure Development, Climate Change Impacts, and Economic Activity