This is part of series of model implemented from "Thinking in Systems" book by Donella Meadows

ThinkingInSystems Economics Renewable

ECONOMIC GROWTH feeds on itself, provided the growth engine is fed with materials and finance. In this highly simplified representation  some of the factors that influence economic growth are show in the incircled green fields. Governments can influence economic growth positively via investments  and payouts. The most obvious tool which governments can use to slow an overheated economy is taxation.

Economics

From Neil WIlson and Steve Keen's double entry accounting view of the money circuit model

Economics

WIP Summary of Mariana Mazzucato's 2018 book See also IM-901 MacroEc

Economics Value Technology Innovation Macroeconomics

From Peter Senge's "Fifth Discipline".

Economics Beer

Monetary System Finance Economics

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, lower rates of consumption (based on production) result in higher rates of production and consumption in the long-run.

Economics Economic Growth

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

Economics Macroeconomics Methods

This is Figure 3 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
If banks maintain their reserves and there is no wage policy, the model suggests that a bailout has no impact on total spending.  

Economics

THE BROKEN LINK BETWEEN SUPPLY AND DEMAND CREATES TURBULENT CHAOTIC DESTRUCTION

The existing global capitalistic growth paradigm is totally flawed

Growth in supply and productivity is a summation of variables as is demand ... when the link between them is broken by catastrophic failure in a component the creation of unpredictable chaotic turbulence puts the controls ito a situation that will never return the system to its initial conditions as it is STIC system (Lorenz)

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 working containers (villages communities)

Environment Economics Finance Mathematics Physics Biology Health Fractals Chaos TURBULENCE Engineering Navier Stokes Supply Demand Strategy

From Schluter et al 2017 article A framework for mapping and comparing behavioural theories in models of social-ecological systems See also Balke and Gilbert 2014 JASSS article How do agents make decisions? (recommended by Kurt Kreuger U of S)

Environment Economics Framework Behavior Decision-Making Agent ABM Learning PCT

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

Multiscale Health Economics Networks Regional Wellbeing Prevention

This is a toy model of an investment market.
Households follow a simple ratio to invest in bonds or equities.  In part, the investment decision is stochastic, such that stock market returns are volatile, with equities more volatile than bonds and with a higher yield. As such, the system shows increasing volatility as the investment bubble grows.

Economics

This is a toy model of tax policies.
The findings were presented at the 6th International Dijon Conference (2012) in a paper called 'Extended Circuit Theory: Modelling the Impact of Government Interventions'.

Economics

This is Figure 4 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
If banks run down their reserves but there is a policy to maintain wages, the model shows a decline in household spending and an increase in bank spending: austerity and inequality followed by a partial recovery.  

Economics

This is a variation on Figure 4 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
If banks run down their reserves but there is no policy to maintain wages, the model shows a decline in total spending: severe austerity.  

Economics

Nobody seems to notice bubbles until they burst. One possible reason is that those caught up in a bubble are completely blinded by the grip, the overpowering logic and force excerted by the positive feedback loop that drives it. Financial bubbles occur time and time again - and nobody seems to learn. Another example on a different time scale is an argument that spins out of control and ends in violence. The participants seem to be blind to the consequences; the immediate and imperative logic of the feedback loop imposes itself. The vortex created by the feedback loop even seems to draw in outsiders, such as new investors. Is this the reason why we don't notice bubbles? This explanation is meant to stimulate discussion!

Economics

WIP Exttension of IM-172005 Simulation of Goodwin01 Minsky Model. Compare with Part3 slide 5 of presentation in patreon

Economics Minsky Keen Macroeconomics Dynamic Goodwin Simulation

This is a toy model of fractional reserve banking.
In the first period, there is foreign spending using domestic currency. This spending creates offshore banking reserves.  The offshore bank then lends to the domestic bank. In consequence, the banking sector captures all of yield on government debt.  

Economics

Economics

Economics Growth

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)

Environment Economics Finance Mathematics Physics Biology Health Fractals Chaos TURBULENCE Engineering Navier Stokes Science Demographics Population Growth BIFURCATIONS MTBF Strategy Weather

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

Economics Macroeconomics Keen

THE BROKEN LINK BETWEEN SUPPLY AND DEMAND CREATES TURBULENT CHAOTIC DESTRUCTION

The existing global capitalistic growth paradigm is totally flawed

Growth in supply and productivity is a summation of variables as is demand ... when the link between them is broken by catastrophic failure in a component the creation of unpredictable chaotic turbulence puts the controls ito a situation that will never return the system to its initial conditions as it is STIC system (Lorenz)

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 working containers (villages communities)

Environment Economics Finance Mathematics Physics Biology Health Fractals Chaos TURBULENCE Engineering Navier Stokes Supply Demand Strategy