Economics | Insight Maker

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

Clone of Keynes General Theory

Martin Eden

Jay Forrester's "Market Growth as Influenced by Capital Investment" model as rebuilt by Eric Stiens

Market Growth as Influenced by Capital Investment

Eric Stiens

3

OVERSHOOT GROWTH GOES INTO TURBULENT CHAOTIC DESTRUCTION

The existing global capitalistic growth paradigm is totally flawed

The chaotic turbulence is the result of the concept of infinite bigness this has been the destructive influence on all empires and now shown up by Feigenbaum numbers and Dunbar numbers for neural netwoirks

See Guy Lakeman Bubble Theory for more details on keeping systems within finite limited size working capacity containers (villages communities)

OVERSHOOT GROWTH INTO TURBULENCE

Guy Lakeman

7

WIP replication of Khalid Saeed's draft paper presented by the Economics chapter of the SD Society in Sept 2019 youtube video

Unlinking public finance and taxation in fiat currency

Geoff McDonnell

WIP based on right care series in Lancet and OECD Tackling wasteful spending on health book

See also Medicines pipelineIM-640

Health care waste and overuse

Geoff McDonnell

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

Geoff McDonnell

3

I propose we grow this sim model (or similar) over time to help ourselves better understand the opposing investment and austerity strategies now being advocated for the U.S. government. The hope is to build as simple a model as possible that subsumes the major underlying feedback loops that probably exist in the mental models of proponents of each of these positions. Starting this model was inspired by this Investment vs. Austerity discussion http://www.linkedin.com/groups/Investment-vs-Austerity-How-can-4582801.S.157876413

20120908a_InvestmentVsAusterity

Paul Newton

WIP Overview model structures of Khalid Saeed's 2014 WPI paper Jay Forrester’s Disruptive Models of Economic Behavior See also General SD and Macroeconomics CLDs IM-168865

Jay Forrester's Disruptive Economic Models

Geoff McDonnell

This model compares direct exchange prices to money prices. It demonstrates the distortion that monetary expansion or contraction has on the information contained in monetary pricing.

Pricing Model

Jim Berger

7

Clone of Employment Dynamics

Young-jin Choi

FORCED GROWTH GROWTH GOES INTO TURBULENT CHAOTIC DESTRUCTION
BEWARE pushing increased growth blows the system!
(governments are trying to push growth on already unstable systems !)

The existing global capitalistic growth paradigm is totally flawed

The chaotic turbulence is the result of the concept and flawed strategy of infinite bigness this has been the destructive influence on all empires and now shown up by Feigenbaum numbers and Dunbar numbers for neural netwoirks

See Guy Lakeman Bubble Theory for more details on keeping systems within finite limited size working capacity containers (villages communities)

FORCED GROWTH INTO TURBULENCE

Guy Lakeman

5

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

Jim Berger

3

WIP Based on Steve Keen's Inaugural Kingston Lecture Youtube video slides models and data all at his blog

Is Capitalism Doomed to Crises

Geoff McDonnell

From Jay Forrester 1988 killian lectures youtube video describing system dynamics at MIT. For more detailed biography See Jay Forrester memorial webpage For MIT HIstory see IM-184930 For Applications se IM-185462

System Dynamics Concepts

Geoff McDonnell

4

THE NEW SCIENCE OF PLEASURE Daniel L. McFadden NBER Working Paper 18687

From Extended Neoclassical to Behavioral Choice Models

Geoff McDonnell

3

WIP Social determinants of health from Michael Marmot's ABC 2016 Boyer Lectures on Social Justice and the Health Gap See US Data website for data and AIHW website for concepts. See also IM-83417 Marmot Essay 2017

Social Justice and the Health Gap

Geoff McDonnell

Launch page for Macroeconomics Textbook 2019 by Mitchell, Wray and Watts. There is also a book companion site

Macroeconomics Textbook Overview

Geoff McDonnell

3

Adapted from Hartmut Bossel's "System Zoo 3 Simulation Models, Economy, Society, Development."

Population model where the population is summarized in four age groups (children, parents, older people, old people). Used as a base population model for dealing with issues such as employment, care for the elderly, pensions dynamics, etc.

Clone of Z602 Population with four age groups

Michael Scallan

6

THE 2017 MODEL (BY GUY LAKEMAN) EMPHASIZES THE PEAK IN POLLUTION BEING CREATED BY OVERPOPULATION WITH THE CARRYING CAPACITY OF ARABLE LAND NOW BEING 1.5 TIMES OVER A SUSTAINABLE FUTURE (PASSED IN 1990) AND NOW INCREASING IN LOSS OF HUMAN SUSTAINABILITY DUE TO SEA RISE AND EXTREME GLOBAL WATER RELOCATION IN WEATHER CHANGES IN FLOODS AND DROUGHTS AND EXTENDED TROPICAL AND HORSE LATTITUDE CYCLONE ACTIVITY AROUND HADLEY CELLS

THE MODEL IS ZONE SPECIFIC AS GLOBAL WEATHER IS NOT HOMOGENEOUS BUT A COLLECTION OF HEAT BUMBPS DEPENDENT ON POPULATION SIZE OF URBAN HEAT ISLANDS AND MASSED CONURBATIONS AND AGGLOMERATIONS

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.

2017 Weather & Climate Extreme Loss of Arable Land and Ocean Fertility by Guy Lakeman - The World3+ Model: Forecaster

Guy Lakeman

31

$Like Model 6 this model shows the operation of a simple economy. It demonstrates the effect of changes in the fractional rate of consumption (or the converse the fractional rate of saving.) In summary, government "spending" tends to slow growth of production and consumption.$

Like Model 6 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, government "spending" tends to slow growth of production and consumption.

Simple Economy: Model 7

Jim Berger

Addition to Program Evaluation Insight based on Health System Efficiency WHO Europe 2016 publication includes vital signs

Health System Efficiency

Geoff McDonnell

Implementation of a DSGE Model solved in a Macroeconomics class by Harald Uhlig (link), using Rational Expectations, in this case, the Hansens Real Business Cycle Model.

It shows the capacity of implementing Dynamic Stochastic General Equilibrium Model Analysis using System Dynamics.

Real Business Cycle Model (DSGE)

Fernando Fernandes Neto

Correlation of National Electrification with Internal and External Influence Factors

Manik Mahajan

WIP SD representation of Ch11 of their 2007 Monetary Economics book, as suggested by Adam K. Plan is to do a top down simple money flow SFC mmt model and successively split sectors. See also essence of MMT IM and simpler version Ch3 IM

Godley and Lavoie Growth Model

Geoff McDonnell

Economics Models