Model in support of an article being written about the relationship between investment and austerity. See  Version 2  See also: *  Inv vs Aust Sim [IM-2736]  *  Inv & Output 1 [IM-2740]  *  Inv & Output 2 [IM-2741]   @ LinkedIn ,  Twitter ,  YouTube

Model in support of an article being written about the relationship between investment and austerity. See Version 2

See also:
Inv vs Aust Sim [IM-2736]
Inv & Output 1 [IM-2740]
Inv & Output 2 [IM-2741]
Description:   This is a system dynamics model of COVID-19 outbreak in Burnie which shows the process of infections and how  government responses, impact on the local economy.       First part is outbreak model, we can know that when people is infected, there are two situations. One is that he recov
Description:

This is a system dynamics model of COVID-19 outbreak in Burnie which shows the process of infections and how  government responses, impact on the local economy.  

First part is outbreak model, we can know that when people is infected, there are two situations. One is that he recovers from  treatment, but even if he recovered, the immunity loss rate increase, makes him to become infected again. The other situation is death. In this outbreak, the government's health policies (ban on non-essential trips, closure of non-essential retailers, limits on public gatherings and quarantine )  help to reduce the spread of the COVID-19 new cases. Moreover,  government legislation is dependent on  number of COVID-19 cases and testing rates. 

 Second part: the model of Govt legislation and economic impact. Gov policy can help to reduce infection rate and local economy at same way. The increase of number of COVID-19 cases has a negative impact on local Tourism industry and economic growth rate. On the other hand, Govt legislation also can be change when reported COVID-19 case are less or equal to 10.






A toy model to see what happens to employment when people must move through various states to get to certain jobs
A toy model to see what happens to employment when people must move through various states to get to certain jobs
The Cred System is an alternative to traditional currency that increases community resiliency and reduces participant's dependence on traditional dollars. This model is a basic description of the Cred System, involving four people and two loops. ​
The Cred System is an alternative to traditional currency that increases community resiliency and reduces participant's dependence on traditional dollars. This model is a basic description of the Cred System, involving four people and two loops.
You've probably heard the comment "It's the economy stupid!" Well I've finally concluded that when it comes to the economy "It's stupidity stupid!" might be a more appropriate phrase. @ LinkedIn ,  Twitter ,  YouTube
You've probably heard the comment "It's the economy stupid!" Well I've finally concluded that when it comes to the economy "It's stupidity stupid!" might be a more appropriate phrase.
The upper
diagram shows the principal factors that have an influence on the budget
deficit and indicates what needs to be done to correct it. But this is not the
full story. The diagram below shows that 
cutting public expenditure reduces aggregate demand and  increases unemployment. The reduction o
The upper diagram shows the principal factors that have an influence on the budget deficit and indicates what needs to be done to correct it. But this is not the full story. The diagram below shows that  cutting public expenditure reduces aggregate demand and  increases unemployment. The reduction of aggregate demand  reduces  economic activity which has the effect of reducing  tax revenue.  In addition, the state has to pay out funds as there is a need for more unemployment benefit payments.   The result of these austerity measures  is often the opposite of their intended purpose: they can increase rather than decrease the budget deficit.

There is plenty of empiric evidence to show that this has happened time and time again. For instance, a report from UNCTAD (United Nations Conference on Trade and Development) found that between 1990 and 2000 in all the  cases examined where cutbacks in public spending and tax increases were used, the fiscal situation did not only not improve but worsened. Despite such repeated evidence, unfortunately calls for  austerity measures continue to be heard. 

 Model supporting research of investment vs. austerity implications. Please refer to  Modern Money & Public Purpose Video .

Model supporting research of investment vs. austerity implications. Please refer to Modern Money & Public Purpose Video.

The statement that there can be no economic activity
without  energy and that fossil fuels are
finite contrasts with the fact that money is not finite and can be created by governments
via their central banks at zero marginal cost whenever needed.

 An important fact about COAL, GAS and OIL (even
wh
The statement that there can be no economic activity without  energy and that fossil fuels are finite contrasts with the fact that money is not finite and can be created by governments via their central banks at zero marginal cost whenever needed.

An important fact about COAL, GAS and OIL (even when produced via fracking) is that their net energy ratios are falling rapidly. In other words the energy needed to extract a given quantity of fossil fuels is constantly increasing. This ratio (Energy Invested on Energy Returned - EIOER) provides yet another warning that we can no longer rely on fossil fuels to power our economies. We cannot wait until the ratio falls to 1/1 before we invest seriously in alternative sources of energy, because by then industrial society as we know it doday will have ceased to exist. 

PS: A link between growth in energy consumption and GDP growth is clearly illustrated on slide 13 of Gail Tverberg's presentaion entitled ''Oops! The world economy depends on an energy-related bubble''. In fact, the slide shows that growth in energy consumption usually precedes GDP growth.

https://gailtheactuary.files.wordpress.com/2015/10/oops-debt-bubble-10_30_15.pdf

The statement that there can be no economic activity
without  energy and that fossil fuels are
finite contrasts with the fact that money is not finite and can be created by governments
via their central banks at zero marginal cost whenever needed.

 An important fact about COAL, GAS and OIL (even
wh
The statement that there can be no economic activity without  energy and that fossil fuels are finite contrasts with the fact that money is not finite and can be created by governments via their central banks at zero marginal cost whenever needed.

An important fact about COAL, GAS and OIL (even when produced via fracking) is that their net energy ratios are falling rapidly. In other words the energy needed to extract a given quantity of fossil fuels is constantly increasing. This ratio (Energy Invested on Energy Returned - EIOER) provides yet another warning that we can no longer rely on fossil fuels to power our economies. We cannot wait until the ratio falls to 1/1 before we invest seriously in alternative sources of energy, because by then industrial society as we know it doday will have ceased to exist. 

PS: A link between growth in energy consumption and GDP growth is clearly illustrated on slide 13 of Gail Tverberg's presentaion entitled ''Oops! The world economy depends on an energy-related bubble''. In fact, the slide shows that growth in energy consumption usually precedes GDP growth.

https://gailtheactuary.files.wordpress.com/2015/10/oops-debt-bubble-10_30_15.pdf

  Simulation of the effect of a basic income on rental prices based on the assumption people are only willing to spend a certain percentage of their income on rent.
Simulation of the effect of a basic income on rental prices based on the assumption people are only willing to spend a certain percentage of their income on rent.
C8 Article through the Economy lense
C8 Article through the Economy lense
 Model supporting research of investment vs. austerity implications. Please refer to additional information on the  SystemsWiki Focus Page  and  Modern Money & Public Purpose Video .

Model supporting research of investment vs. austerity implications. Please refer to additional information on the SystemsWiki Focus Page and Modern Money & Public Purpose Video.

'Efficiencyism’  can be described as a blind belief in the effectiveness
of efficiency measures without taking into account circumstances and the wider context.   The
graph on the left shows how the frequent use of the term 'efficiency' at the level of local interactons can lead to the emergence of
'Efficiencyism’  can be described as a blind belief in the effectiveness of efficiency measures without taking into account circumstances and the wider context.   The graph on the left shows how the frequent use of the term 'efficiency' at the level of local interactons can lead to the emergence of  'efficiencyism' through upward causation, denoted by the arrows pointing upwards.  However, there is also downward causation from the global level depicted by the red arrows which can increase the blind application of efficiency measures at the local level. In other words, efficiency for the sake of efficiency becomes a dominant idea.  The tyrannical influence of 'eficiencyism' affects all of us to varying degrees and unfortunately can often have very negative side effects, such as an increase in unemployment, social injustice and even increase inequality.  Of  course, well thought out efficiency improvements can also bring great  benefits.   I recommend reading an excellent article by Dr. Charles Chandler, who explains the term 'efficiencyism' with some excellent examples and also points to some  of its undesirable effects.

http://www.ageofoe.com/010-efficiencyism-holds-us-back/

  Simulates personal accounts over time.    Model based on: http://circularmoney.org
Simulates personal accounts over time.

Model based on:
http://circularmoney.org
  Overview  A model which simulates the competition between logging versus adventure tourism (mountain bike ridding) in Derby Tasmania.  Simulation borrowed from the Easter Island simulation.     How the model works.   Trees grow, we cut them down because of demand for Timber amd sell the logs.  Wit
Overview
A model which simulates the competition between logging versus adventure tourism (mountain bike ridding) in Derby Tasmania.  Simulation borrowed from the Easter Island simulation.

How the model works.
Trees grow, we cut them down because of demand for Timber amd sell the logs.
With mountain bkie visits.  This depends on past experience and recommendations.  Past experience and recommendations depends on Scenery number of trees compared to visitor and Adventure number of trees and users.  Park capacity limits the number of users.  
Interesting insights
It seems that high logging does not deter mountain biking.  By reducing park capacity, visitor experience and numbers are improved.  A major problem is that any success with the mountain bike park leads to an explosion in visitor numbers.  Also a high price of timber is needed to balance popularity of the park. It seems also that only a narrow corridor is needed for mountain biking
A simple model of economic growth where a government taxes the economy, and spends it on capital and revenue goods.
A simple model of economic growth where a government taxes the economy, and spends it on capital and revenue goods.
Model showing the effect of bank lending of deposited money as a multiplier in the creation of new money. Multiplier effect is shown as related to the bank reserve requirement on deposited funds.
Model showing the effect of bank lending of deposited money as a multiplier in the creation of new money. Multiplier effect is shown as related to the bank reserve requirement on deposited funds.
 This model is an attempt to understand the interactions within an economy in an attempt to determine where the leverage points are to stimulate an economy. 
 This is a Virtual Systemic Inquiry (VSI) Project. Please refer to the  Stimulating an Economy  focus page.

This model is an attempt to understand the interactions within an economy in an attempt to determine where the leverage points are to stimulate an economy.

This is a Virtual Systemic Inquiry (VSI) Project. Please refer to the Stimulating an Economy focus page.

 Simulates total money mass over time. An aggregate of all demurrage free buffers is used to calculate demurrage fees. The total amount of demurrage free money in the system can never exceed the number of users multiplied with the size of the demurrage free buffer.    Model based on the  Sustainable
Simulates total money mass over time. An aggregate of all demurrage free buffers is used to calculate demurrage fees. The total amount of demurrage free money in the system can never exceed the number of users multiplied with the size of the demurrage free buffer.

Model based on the Sustainable Money System.
For a short introduction, read this short article of watch the TEDx talk.
This model shows the changing happened in forest industry and mountain tourism in Derby Tasmania. Logging will degrade mountain tourism while benefit the forestry industry. Simulation borrowed from the Easter Island simulation.    According to the analysis, logging does not reduce tourism income. Wi
This model shows the changing happened in forest industry and mountain tourism in Derby Tasmania. Logging will degrade mountain tourism while benefit the forestry industry. Simulation borrowed from the Easter Island simulation.

According to the analysis, logging does not reduce tourism income. With the increase of number of bike guide, tourism income will increase as well. Also, in forest industry, timber income is higher than the harvest spending which means the industry always gain profits from logging. Therefore, the main concern is that the logging should be balanced between the Mountain Tourism and the forest industry.
 Model in support of an article being written about the relationship between investment and austerity. See  Version 2  See also: *  Inv vs Aust Sim [IM-2736]  *  Inv & Output 1 [IM-2740]  *  Inv & Output 2 [IM-2741]

Model in support of an article being written about the relationship between investment and austerity. See Version 2

See also:
Inv vs Aust Sim [IM-2736]
Inv & Output 1 [IM-2740]
Inv & Output 2 [IM-2741]


 Overview:   The model shows the industry competition and relationship between Forrestry and Mountain Bike Trip in Derby, Tasmania. The aim of the simulation is to find a balance between the co-existence of these two industry.      How Does the Model Work?       Both industries will generate incomes
Overview: 
The model shows the industry competition and relationship between Forrestry and Mountain Bike Trip in Derby, Tasmania. The aim of the simulation is to find a balance between the co-existence of these two industry.

How Does the Model Work?

Both industries will generate incomes. Firstly, income is generated from the sale of timber through logging. In addition, income is also generated from the consumption of mountain bike riders. Regarding to the Forrestry industry, people cut down trees because there is a market demand for timber. The timber is sold for profits. However, the experience of mountain biking tourism is largely affected by the low regeneration rate of trees and the degradation of the environment and landscape due to tree felling. People have better riding experiences when trees are abundant and the scenery is beautiful. People's satisfaction and expectations depend on the scenery and experience. Recommendations of past riders will also impact the tourists amount.

Interesting Insights

The income generated by logging can provide a significant economic contribution to Tasmania, but excessive logging can lead to environmental problems and a reduction in visitors. Excessive logging can lead to a decline in tourism in the mountains, which will affect tourism. Despite the importance of forestry, tourism can also provide a significant economic contribution to Tasmania. The government should find a balance between the two industries while maintaining the number of tourists.