Economics | Insight Maker

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

See also Medicines pipelineIM-640

I have tried to capture the unemployment benefits budget in a causal loop diagram. You can make this as extensive as you want, but I have tried to focus on how unemployment benefits are financed and on the main determinants of expenditures and income. I was not (yet) able to 'close te loop' - to build the diagram up from feedback cycles.
The diagram is in Dutch.

Causal loop diagram of unemployment benefits

Henny van Dongen

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

Goodwin Model:

This is a basic version of the Goodwin Model based on Kaoru Yamagushi (2013), Money and Macroeconomic Dynamics, Chapter 4.5 (link)

Equilibrium conditions:

Labor Supply = 100

Devation from the equilibrium conditions generates growth cycles.

Goodwin Model

Silvan

7

WIP Comparing Univeral Basic Income Guarantee with the Job Guarantee based on comparison articles

UBI and Job Guarantee Comparison

Geoff McDonnell

Health specific Clone of Scott Page's Aggregation diagram from Complexity and Sociology 2015 article see also IM-9115 and SA IM-1163

Wellbeing macro micro dynamics

Geoff McDonnell

WIP Ideas from Science Special Issue May 2014

For explicit links between wealth and output see: webpage.

@LinkedIn, Twitter, YouTube

The Science of Inequality

Gene Bellinger

Simple causal loop diagram of a compound interest savings account.

Causal loop diagram of savings account

Henny van Dongen

5

From a March 2016 blog entry by Ari Andricopoulos

The economy simply explained

Geoff McDonnell

Circular equations WIP for Runy.

Added several versions of the model. Added a flow to make C increase. Added a factor to be able to change the value 0.5. Older version cloned at IM-46280

Circularity in Economic models including Exports and Imports

Runy Calmera

This is a simplification of the Austerity vs Prosperity model in the hope that it will be easier to understand.

@LinkedIn, Twitter, YouTube

Austerity vs Prosperity v0

Gene Bellinger

Plan for CCP project completion see IM-102242 for WIP detail of the structures of the related models

CCP Project Scope Deliverables and Extensions

Geoff McDonnell

3

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

From Extended Neoclassical to Behavioral Choice Models

Geoff McDonnell

3

Map of SD work on Samuelson's 1939 model of the business cycle. See also D-memo D-2311-2 Gilbert Low 1976 and IM-165713. An alernative to the Ch 26 Macroeconomics textbook exposition. From Gil Low's Multiplier Accelerator Model of Business Cycles, Ch 4 of Elements of the System Dynamics Method Book edited by Jorgen Randers 1976 (MIT Press) and 1980 (Productivity Press)

Samuelson multiplier accelerator model

Geoff McDonnell

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

Challenge p.212 Business Dynamics, Sterman

Oil Shortage 1979 Iran Revolution

Roland Kofler

3

$This model shows the operation of a simple economy with two modifications made to Model 2 -- 1) feedback from production rate to consumption rate and 2) the use of a fractional rate input for calculating consumption rate. In summary, lower fractional rates of consumption (based on production) resu$

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.

Simple Economy: Model 3

Jim Berger

Simple causal loop diagram of a simple interest savings account in Dutch.

Causaal verband diagram van een spaarrekening - enkelvoudige interest

Henny van Dongen

Launchpad about reorganisation based on Bogdanov's Tektology general theory of organization, perceptual control theory, personal history and current concerns, linked to the modern (or historical) organization of biology and political economy.

Personalised Reorganization Bogdanov Biology and Political Economy

Geoff McDonnell

3 months ago

Like previous models, this model shows the operation of a simple economy, the influence of changes in the consumption rate, and the effect of government intervention. In addition, this model shows changes in the hypothetical general price level. It gives an idea of changes in price trends based on changes in the quantity of money. NOTE: No general price level exists. Prices provide information for the exchange of individual economic goods.

Simple Economy: Model 9

Jim Berger

3

Fig.5 Generic resource allocation structure from Khalil Saeed and Oleg Pavlov's Dynastic Cycles SD model paper See also the SD Model Insight

Dynastic Cycles Structure

Geoff McDonnell

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

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

Simulating Hyperinflation for 3650 days.

If private bond holdings are going down and the government is running a big deficit then the central bank has to monetize bonds equal to the deficit plus the decrease in private bond holdings. We don't show the details of the central bank buying bonds here, just the net results.

See blog at http://howfiatdies.blogspot.com for more on hyperinflation, including a hyperinflation FAQ.

Clone of Hyperinflation Simulation

filipesm

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

9

Economics Models