When people talk about a government deficit, they forget that this is only one side of the ledger. On the other is a corresponding non-government SURPLUS. The money the government spends is not lost but shows up in the private sector as income. When one talks only of the deficit then one can understand that many think it should be reduced or even converted into a surplus, but reducing the government deficit reduces private sector income and a government surplus forces a deficit on the private sector with a potentially devastating effect on private sector wealth and economic activity.  Unless the economy is overheating, government deficits are usually healthy. For countries that run traditionally a trade deficit, such as the US they are necessary to maintain economic activity. Consider this fact: for almost all of past 40 years the US and the UK have run deficits without any harmful effects!

​Farmers use intensive pesticides to harvest cotton, which is harmful to not only the health of the farmers using them, but also our environment as it pollutes rivers and groundwater that negatively interfere with the ecosystem. Even though these farmers know of the health and environmental risks, they still use harmful pesticides to produce cotton, but why is this so. This stock and flow map should explain what impacts farmers to use pesticides to grow cotton despite the risks and explain the cause and effect relationship their use has on the cotton industry and the environment.

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

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

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..

Any activity  requires the use of energy. Economic activity is not possible without energy,  especially fossil fuels. An increase in economic activity necessarily leads to an increase in the use  fossil fuels and greenhouse gas emissions. In addition there will   be a commensurate increase in waste products, pollution and heat. This is dictated by the laws of physics and unavoidable.  A problem arise when the cost of this degeneration caused by continual economic growth surpasses the benefit society derives from it. The ecological economist Professor Herman Daly (2014) explained that when the impact on the ecosystem is correctly measured, global growth has reached a point where the total private and social costs of economic growth outweigh the private and social benefits. In other words, more economic growth is making global society worse off overall - growth has become uneconomic! The model shows that eventually pressures will build up that counteract the perennial belief that all social ills can be solved with economic growth. 

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

Summary WIP of Thomas Palley's 2012 Book

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 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?"

Graph representation of Ch3 of their 2007 Monetary Economics book, based on Alvarez and Ehnts 2015 paper The roads not taken. Also see more complex WIP to successively split sectors at IM-185550 . See also essence of MMT IM for simpler intro

first draft with forked supply demand example intact

An initial study of the economics of single use coffee pods.

An initial study of the economics of single use coffee pods.

Book summary of Albert O Hirschman's 1982 book, explaining cycles of collective public action.

Model description:

This model is designed to simulate the outbreak of Covid-19 in Burnie in Tasmania. It also tell us the impact of economic policies on outbreak models and economic growth.

 

Variables:

The simulation takes into account the following variables and its adjusting range: 

 

On the left of the model, the variables are: infection rate( from 0 to 0.25), recovery rate( from 0 to 1), death rate( from 0 to 1), immunity loss rate( from 0 to 1), test rate ( from 0 to 1), which are related to Covid-19.

 

In the middle of the model, the variables are: social distancing( from 0 to 0.018), lock down( from 0 to 0.015), quarantine( from 0 to 0.015), vaccination promotion( from 0 to 0.019), border restriction( from 0 to 0.03), which are related to governmental policies.

 

On the right of the model, the variables are: economic growth rate( from 0 to 0.3), which are related to economic growth.

 

Assumptions:

(1) The model is influenced by various variables and can produce different results. The following values based on the estimation, which differ from actual values in reality.

 

(2) Here are just five government policies that have had an impact on infection rates in epidemic models. On the other hand, these policies will also have an impact on economic growth, which may be positive or negative.

 

(3) Governmental policy will only be applied when reported cases are 10 or more. 

 

(4) This model lists two typical economic activities, namely e-commerce and physical stores. Government policies affect these two types of economic activity separately. They together with economic growth rate have an impact on economic growth.

 

Enlightening insights:

(1) In the first two weeks, the number of susceptible people will be significantly reduced due to the high infection rate, and low recovery rate as well as government policies. The number of susceptible people fall slightly two weeks later. Almost all declines have a fluctuating downward trend.

 

(2) Government policies have clearly controlled the number of deaths, suspected cases and COVID-19 cases.

 

(3) The government's restrictive policies had a negative impact on economic growth, but e-commerce economy, physical stores and economic growth rate all played a positive role in economic growth, which enabled the economy to stay in a relatively stable state during the epidemic.

This is an important Henry George insight; labor creates all wealth (rather than capital creating it).

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.

WIP  based on Where profits come from paper , Nathan Tankus blog and other historical sources

Map of Geoffrey M Hodgson's 2015 Conceptualizing Capitalism book summary pdf  with other ideologies added sept 2021 from new politics website

I made this as an illustration of a piece of text I read in Regenerative Economics, household economics.

This Insight is used for simulating growth of a company with specified parameters.