Insight diagram
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
Insight diagram

Cutbacks can have a counterintuitive effect. The government knows precisely how much it custs in spending. However, it cannot know the extent to which tax revenues shrink in a non-linear complex economic system as the economy contracts. In addition, the treasury has to spend more as automatic stabilizers activate and payments are made to an increasing number of unemployed workers. The effect of this is that initially the deficit shrinks, but later it rises as tax revenues fall short of expectations and more spending takes place. The ironic part is that often the very indicator that promted austerity measurs, the defcit to GDP ratio, becomes worse than it was at the outset. We could observe this in Spain and Portugal where planned deficits have been repeatedly missed, as austerity measures  (fiscal cutbacks) were introduced to deal with the effects of  the 2008 financial crisis.

CUTBACKS OFTEN MAKE FISCAL DEFICITS WORSE
Insight diagram
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
Insight diagram
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
Insight diagram

This model shows the basic functioning and dynamics of a 'modern monetary system'.

The non-government sectors, consisting of the private and foreign sectors initial y starts with zero currency units. It is important to realize that  after creating a new currency the government must first spend currency units into the economy before they can be used: without currency units the private sector could not even pay taxes! A government that has its own freely floating currency can create a much money as it wants. It does not need tax receipts to finance its spending, and any money it spends into the economy above that collected in taxes represents income for the private sector. The model show that the government initially created 9 trillion money units, but spent only six trillion into the economy. The six trillion showed up as a government deficit but as wealth in the non-government sector.

Since the government can create as many money units as it wishes and transfer  them  to the private sector  to ensure an adequate level of demand in the in the economy,  austerity is unnecessary: money is available, though real resource may be scarce. This also shows that the government can contribute actively towards the creation of prosperity. 

Please note that this model was originally created by Gene Bellinger, IM 3206, from which this version was  cloned.


Clone of Clone of Austerity vs Prosperity
Insight diagram

The Logistic Map is a polynomial mapping (equivalently, recurrence relation) of degree 2, often cited as an archetypal example of how complex, chaotic behaviour can arise from very simple non-linear dynamical equations. The map was popularized in a seminal 1976 paper by the biologist Robert May, in part as a discrete-time demographic model analogous to the logistic equation first created by Pierre François Verhulst

Mathematically, the logistic map is written

where:

 is a number between zero and one, and represents the ratio of existing population to the maximum possible population at year n, and hence x0 represents the initial ratio of population to max. population (at year 0)r is a positive number, and represents a combined rate for reproduction and starvation. To generate a bifurcation diagram, set 'r base' to 2 and 'r ramp' to 1
To demonstrate sensitivity to initial conditions, try two runs with 'r base' set to 3 and 'Initial X' of 0.5 and 0.501, then look at first ~20 time steps

Clone of Clone of The Logistic Map
Insight diagram

Goodwin business cycle model, modified from Keen and Blatt

Clone of Goodwin Business Cycle
Insight diagram
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
Insight diagram
This model tries to replicate the economy as is considered in LTG "Limits to Growth" by Meadows et al.
Clone of Simple Economy: Model 5
Insight diagram
Clone of general Multiscale Innovation Dynamics Insight   to be applied to the specifics of health WIP
Multiscale health innovation dynamics
Insight diagram
Addition to Program Evaluation Insight based on Health System Efficiency WHO Europe 2016 publication includes vital signs
Health System Efficiency
Insight diagram
This model shows the structure and operation of a simple economy. It can represent economic systems at different levels of abstraction (e.g. a single good, a group of goods, multiple groups, & an "economy.")

In summary, lower rates of consumption (based on production) result in higher rates of production and consumption in the long-run. Rates of consumption over 100% of production will diminish the savings stock and eventually cause rates of production and consumption to fall.
Clone of Simple Economy: Model 6
Insight diagram

Regulation of resource allocation to service in response to service quality. A non-price-mediated resource allocation system. From Sterman JD Business Dynamics p172 Fig 5-27

Clone of Service Quality Balancing Loops
Insight diagram
An initial study of the economics of single use coffee pods.
Clone of Coffee Pods ISD Humanities v 1.02
Insight diagram
An initial study of the economics of single use coffee pods.
Clone of Coffee Pods ISD Humanities v 1.02
Insight diagram

The Logistic Map is a polynomial mapping (equivalently, recurrence relation) of degree 2, often cited as an archetypal example of how complex, chaotic behaviour can arise from very simple non-linear dynamical equations. The map was popularized in a seminal 1976 paper by the biologist Robert May, in part as a discrete-time demographic model analogous to the logistic equation first created by Pierre François Verhulst

Mathematically, the logistic map is written

where:

 is a number between zero and one, and represents the ratio of existing population to the maximum possible population at year n, and hence x0 represents the initial ratio of population to max. population (at year 0)r is a positive number, and represents a combined rate for reproduction and starvation. To generate a bifurcation diagram, set 'r base' to 2 and 'r ramp' to 1
To demonstrate sensitivity to initial conditions, try two runs with 'r base' set to 3 and 'Initial X' of 0.5 and 0.501, then look at first ~20 time steps

Clone of The Logistic Map
Insight diagram
An initial study of the economics of single use coffee pods.
Clone of Coffee Pods ISD Humanities v 1.02
Insight diagram
An initial study of the economics of single use coffee pods.
Clone of Coffee Pods ISD Humanities v 1.02
Insight diagram
An initial study of the economics of single use coffee pods.
Clone of Clone of Clone of Coffee Pods ISD Humanities v 1.02
Insight diagram

The Logistic Map is a polynomial mapping (equivalently, recurrence relation) of degree 2, often cited as an archetypal example of how complex, chaotic behaviour can arise from very simple non-linear dynamical equations. The map was popularized in a seminal 1976 paper by the biologist Robert May, in part as a discrete-time demographic model analogous to the logistic equation first created by Pierre François Verhulst

Mathematically, the logistic map is written

where:

 is a number between zero and one, and represents the ratio of existing population to the maximum possible population at year n, and hence x0 represents the initial ratio of population to max. population (at year 0)r is a positive number, and represents a combined rate for reproduction and starvation. To generate a bifurcation diagram, set 'r base' to 2 and 'r ramp' to 1
To demonstrate sensitivity to initial conditions, try two runs with 'r base' set to 3 and 'Initial X' of 0.5 and 0.501, then look at first ~20 time steps

Clone of Clone of The Logistic Map
Insight diagram
An initial study of the economics of single use coffee pods.
Clone of Coffee Pods ISD Humanities v 1.02
Insight diagram

Goodwin cycle IM-2010 with debt and taxes added, modified from Steve Keen's illustration of Hyman Minsky's Financial Instability Hypothesis "stability begets instability". This can be extended by adding the Ponzi effect of borrowing for speculative investment.

Clone of Minsky Financial Instability Model
Insight diagram
HANDY Model of Societal Collapse from Ecological Economics Paper 
see also D Cunha's model at IM-15085
Clone of Human and Nature Dynamics of Societal Inequality
Insight diagram
An initial study of the economics of single use coffee pods.
Clone of Coffee Pods ISD Humanities v 1.02