Economics | Insight Maker

WIP concepts from Rachel Turner's Book Neo-liberal Ideology

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

Vincent Cate

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

Causaal verband diagram sparen - samengestelde interest

Henny van Dongen

WIP Dynamic map from Steve Keen's Minsky at 100 Lecture video and slides and later Emergent Macroeconomics papers

Minsky Instability from Macrodefinitions Keen

Geoff McDonnell

WIP based on Bill mitchell's blogs

Sectoral balances are relationships among money flows during an accounting period. Where we perceive accumulations of past imbalances to be accrued is another matter....

Clone of MMT Fiscal position

emilio piccoli

$This model shows the operation of a simple economy. It demonstrates the effect of changes in the fractional rate of consumption (or the converse the fractional rate of saving.) In summary, lower rates of consumption (based on production) result in higher rates of production and consumption in the l$

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.

Simple Economy: Model 8

Jim Berger

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

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

Clone of Austerity vs Prosperity v0

Jeb Eddy

WIP Book summary of Frank Stilwell's 2019 Book, The Political Economy of Inequality, Polity Press podcast and slides

Political Economy of Inequality

Geoff McDonnell

WIP of Rammelt's 2019 System Dynamics Review Article which has STELLA and Minsky software versions as supplements. Compare with the older IM-2011 version

Clone of Simplified Keen Goodwin Minsky Financial Instability model

sub cribed

Causal loop representations of macroeconomics taken from the System Dynamics literature contrasted with Forrester's main analysis of social and business organization layers See also Saeed's Forrester Econoics IM-183285

Clone of Macroeconomics causal loop diagrams

Jens Bodenstab

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

Egidio Bernini

Summary of UNEP ecosystems services CBA 2011 article by Wegner and Pascual

Value and cost benefit analysis

Geoff McDonnell

During the 'big recession' many governments have deliberately repressed salaries, usually via structural reforms, in order to gain competitivity. However, repression of salaries increases inequality, social discontent and often has counterintuitive effects. Salaries are a cost for companies, but they are also the basis for the demand for the goods and services they offer: people with little income cannot afford them. Scientific studies have shown repeatedly that economic growth generated via salary increases does not endanger the creation of employment, but rather reinforces it. In most countries, the 'positive effect of salary increases' eclipses any possible negative effects on export competitivity and even any detrimental effect on investment. A good example of such a study is the work of ONARAN and OBST on Wage-led Growth in the EU15 Member States (2016). This positive dynamic has been highlighted in the model by prominent arrows. The policy implications for governments are clear!

Dynamik Linking Wage Increases to Higher Growth and Profits

Hanns-Jürgen Hodann

Book summary of Albert O Hirschman's 1982 book, explaining cycles of collective public action.

Shifting involvements

Geoff McDonnell

3

Unfortunately, this model only produces the illusion of functioning, but I did manage to get it to give me the graph. However, because of the use of flows, if you change the time step to and the simulation length to anything other than the same numbers, you'll find the graph showing something that looks more exponential. This is due to the function referencing itself in regards to time, so inevitably each time consumption grows it changes the outcome on the other side of the equation. Still, this is a convincing mock up. I added a "45 degree" line so that one could conceivably see (and also change) the difference made by altering the level of autonomous consumption.

Clone of Keynesian Macroeconomics

Runy Calmera

Walmart Invasion

Roland Kofler

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

Luis Fernando Barros

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)

Clone of THE BROKEN LINK BETWEEN SUPPLY AND DEMAND CREATES CHAOTIC TURBULENCE (+controls)

Sugiharto

THE 2018 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 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.

2018 OVERPOPULATION LEADS TO POLLUTION based on Weather & Climate Extreme Loss of Arable Land and Ocean Fertility by Guy Lakeman - The World3+ Model: Forecaster

Guy Lakeman

18

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

$This model shows the operation of a simple economy. It demonstrates the effect of changes in the fractional rate of consumption (or the converse the fractional rate of saving.) In summary, lower rates of consumption (based on production) result in higher rates of production and consumption in the l$

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.

Clone of Clone of Simple Economy: Model 8

Enrique

HANDY Model of Societal Collapse from Ecological Economics Paper

Economics Models