The model construction process is actually a balancing loop which endeavors to employ an abstract version of real events to form a model which produces conclusions and behavior which mimic the real events.
The issue of increasing private and government debt to banks is a major
concern after the financial crisis of 2008 (see Figure at link given below). In order to
understand why our society and government is increasingly indebted to banks we
need to understand how our current money system works and why we need a
continuous infusion of new money in a growing economy. “Why We Are Increasingly
Indebted To Banks?” investigates the reasons behind this and suggest a possible
solution.
An infinite number of mathematicians walk into a bar. The first one tells the bartender he wants a beer. The second one says he wants half a beer. The third one says he wants a fourth of a beer. The bartender puts two beers on the bar and says “You guys need to learn your limits.” From Wild About Math.
The model starts in 1900. In the year 2000 you get the chance to set a new emission target and nominal time to reach it. Your aim is to have atmospheric CO2 stabilize at about 400 ppmv in 2100. From Sterman, John D. (2008) Risk Communication on Climate: Mental Models and Mass Balance. Science 322 (24 October): 532-533.
This Savings Model is the third in the series. It illustrates the difference in savings over time for a doctor or for a skilled worker who went to a trade school.
