Economics | Insight Maker

OVERSHOOT GROWTH GOES INTO TURBULENT CHAOTIC DESTRUCTION

The existing global capitalistic growth paradigm is totally flawed

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 limited size working capacity containers (villages communities)

OVERSHOOT GROWTH INTO TURBULENCE

Guy Lakeman

7

This model also shows the operation of a simple economy. It differs from Model 1 primarily in the representation of all goods in the economy by units of measure of a higher level of abstraction. Thus, the same model can represent economies at different levels.

The simulation demonstrates how differing rates of consumption affect Savings.

Simple Economy: Model 2

Jim Berger

3

Clone of Wagdy Samir Macroeconomics work in progress IM-901 Additions and deletions based on Robert Skidelsky's description of Keynes general THeory from his Biography Vol2 p 549 -571

Keynes General Theory

Geoff McDonnell

From a March 2016 blog entry by Ari Andricopoulos

The economy simply explained

Geoff McDonnell

WIP based on right care series in Lancet and OECD Tackling wasteful spending on health book

See also Medicines pipelineIM-640

Health care waste and overuse

Geoff McDonnell

Simple causal loop diagram of a compound interest savings account.

Causal loop diagram of savings account

Henny van Dongen

5

A simple budget planning system. What additional complexities can you add?

ISD Savings Plan

Kevin Collins

126

This model shows the operation of an extremely simple economy. The system produces and consumes each item (or good) at a fixed rate.

When production exceeds consumption, consumer goods accumulate in stocks. Trading may occur between actors in this system. That will not, however, affect the quantities of the stocks of goods. It only affects ownership (not a concern of this model.)

Simple Economy: Model 1

Jim Berger

4

Plan for CCP project completion see IM-102242 for WIP detail of the structures of the related models

CCP Project Scope Deliverables and Extensions

Geoff McDonnell

3

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

@LinkedIn, Twitter, YouTube

Austerity vs Prosperity v0

Gene Bellinger

Goodwin Model:

This is a basic version of the Goodwin Model based on Kaoru Yamagushi (2013), Money and Macroeconomic Dynamics, Chapter 4.5 (link)

Equilibrium conditions:

Labor Supply = 100

Devation from the equilibrium conditions generates growth cycles.

Goodwin Model

Silvan

7

WIP Comparing Univeral Basic Income Guarantee with the Job Guarantee based on comparison articles

UBI and Job Guarantee Comparison

Geoff McDonnell

WIP Ideas from Science Special Issue May 2014

For explicit links between wealth and output see: webpage.

@LinkedIn, Twitter, YouTube

The Science of Inequality

Gene Bellinger

THE NEW SCIENCE OF PLEASURE Daniel L. McFadden NBER Working Paper 18687

From Extended Neoclassical to Behavioral Choice Models

Geoff McDonnell

3

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

AKL Ouput Model

Enrique

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

Thinking in Systems - Economic Capital - Fig 37, 44

Sudharsan

Challenge p.212 Business Dynamics, Sterman

Oil Shortage 1979 Iran Revolution

Roland Kofler

3

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

Circularity in Economic models including Exports and Imports

Runy Calmera

Fig.5 Generic resource allocation structure from Khalil Saeed and Oleg Pavlov's Dynastic Cycles SD model paper See also the SD Model Insight

Dynastic Cycles Structure

Geoff McDonnell

Launch page for Macroeconomics Textbook 2019 by Mitchell, Wray and Watts. There is also a book companion site

Macroeconomics Textbook Overview

Geoff McDonnell

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

WIP SD REpresentation of Steve Keen's BOMD Minsky model (described in Fig.5 of his patreon Jan2021 Draft New Economics Manifesto) to hope to make the causal structure clearer

Keen Bank Originated Money and Private Debt

Geoff McDonnell

Like previous models, this model shows the operation of a simple economy, the influence of changes in the consumption rate, and the effect of government intervention. In addition, this model shows changes in the hypothetical general price level. It gives an idea of changes in price trends based on changes in the quantity of money. NOTE: No general price level exists. Prices provide information for the exchange of individual economic goods.

Simple Economy: Model 9

Jim Berger

3

Economics Models