Economics | Insight Maker

Book Summary of The Great Transformation by Karl Polanyi see Wikipedia . See also more Karl Polanyi ideas IM-181325

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 2

Geoff McDonnell

3

Climate Sector Boundary Diagram By Guy Lakeman

Climate, Weather, Ecology, Economics, Population, Welfare, Energy, Policy, CO2, Carbon Cycle, GHG (green house gasses, combined effects)

As general population is composed of 85% with an education level of a 12 grader or less (a 17 year old), a simple block of components concerning the health of the planet needs to be broken down into simple blocks.

Perhaps this picture will show the basics on which to vote for a sustained healthy future

Democracy is only as good as the ability of the voters to FULLY understand the implications of the policies on which they vote., both context and the various perspectives. National voting of unqualified voters on specific policy issues is the sign of corrupt manipulation.

Climate Sector Boundary Diagram of Guy Lakeman

Guy Lakeman

3

An initial study of the economics of single use coffee pods.

Clone of Claire - Coffee Pods ISD Humanities v 1.02

Claire Smith

THE 2020 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.

WORLD2020 to PLANET2020

Guy Lakeman

12

In this Insight I focus on the demand site of the Market and Price model, leaving the supply side out.

Demand factors

Henny van Dongen

10 months ago

Goodwin business cycle model, modified from Keen and Blatt

Clone of Goodwin Business Cycle

Joo Hee Lee

Challenge p.212 Business Dynamics, Sterman

Clone of Oil Shortage 1979 Iran Revolution

Yannick Feder

$This model shows the structure and operation of a simple economy. It can represent economic systems at different levels of abstraction (e.g. a single good, a group of goods, multiple groups, & an "economy.") This model has one significant difference from Model 4. The fractional consumption rat$

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.")

This model has one significant difference from Model 4. The fractional consumption rate table serves the purpose of demonstrating the effects of changes in the fractional consumption rate (or the converse the fractional rate of saving) from 100% to less-than 100% to more-than 100%.

It demonstrates dramatically the effects of significant changes in consumption rates.

Clone of Simple Economy: Model 5

Nilo Guimaraes

$This model shows the structure and operation of a simple economy. It can represent economic systems at different levels of abstraction (e.g. a single good, a group of goods, multiple groups, & an "economy.") This model has one significant difference from Model 4. The fractional consumption rat$

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.")

This model has one significant difference from Model 4. The fractional consumption rate table serves the purpose of demonstrating the effects of changes in the fractional consumption rate (or the converse the fractional rate of saving) from 100% to less-than 100% to more-than 100%.

It demonstrates dramatically the effects of significant changes in consumption rates.

Simple Economy: Model 5

Jim Berger

Very basic stock-flow diagram of simple interest with table and graph output in interest, bank account and savings development per year. Initial deposit, interest rate, yearly deposit and withdrawal, and initial balance bank account can all be modified in Dutch.

Voorraad-stroom diagram - sparen - enkelvoudige interest

Henny van Dongen

Summary of Hermans Scale dynamics of grassroots innovations through parallel pathways of transformative change Ecological Economics 2016 article (paywalled) This is applied to health in a subsequent insight

Multiscale innovation dynamics

Geoff McDonnell

Very basic stock-flow diagram of simple interest with table and graph output in interest, bank account and savings development per year. Initial deposit, interest rate, yearly deposit and withdrawal, and initial balance bank account can all be modified.

I have developed a lesson plan in which students work on both simple and compound interest across both IM and Excel. I also wrote an article about this. Both are in Dutch, which you can translate using for example Google Translate.

Clone of Stock-Flow diagram of savings account - simple interest

Zhong Xina

Goodwin business cycle model, modified from Keen and Blatt

Clone of Goodwin Business Cycle

Nilo Guimaraes

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

ILIAK CASTRO PENA

MODERN MONETARY THEORY SHOWS HOW FULL EMPLOYMENT CAN BE ACHIEVED!

POTENTIAL GDP is a level of overall spending - by the government and the non-government sector - at which there is full employment. If the economy is not operating at its potential, then the private sector has failed to invested or spend enough to generate the necessary growth nor has income from net exports contributed enough. This only leaves the government to close the spending gap. Conceptually, a government disposing of its own freely floating currency could act using two powerful tools - spending in excess of tax revenue, and taxation - to ensure that the gap between the actual economic activity and potential GDP is quickly closed. Achieving the full employment that prevailed for 30 years between 1945 and 1975 in western economies is definitely possible!

MANAGING FULL EMPLOYMENT

Hanns-Jürgen Hodann

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

Maikel Mardjan

Current and proposed Structure of CCP and related Models expanding on the details provided in the Project Completion plan IM-101760

Structure of the CCP Models

Geoff McDonnell

WIP Summary of MIchael Hudson's Book Killing the Host: How Financial Parasites and Debt destroy the Global Economy

Killing the Host

Geoff McDonnell

4

A simulation model that shows the relationship between the mountain biking trails in derby and the the effect it has on the tourism,

Simulation of Derby Mountain Bike Vs Logging

Adarsh Yamphu

This model illustrates the current practice and consequences of government spending. Following the direction of the arrows from right to left the model shows the following sequence based on current practice:

Government Spending at a certain point leads to spending in excess of tax receipts. This will automatically lead to the issue of treasuries in the belief that the excess spending must be financed by borrowing (although the government has the capacity to create money). This in turn will increase the national debt.

Consequences that follow from this practice:

1) That national debt increases whenever the government spends in excess of tax receipts.

2) That the government must pay interest on the debt issued, which in turn increases and reinforces the need for government spending.

3) That the interest paid on treasuries will increase private sector income.

There is an alternative view, supported by Modern Monetary Theory, of how government spending can proceed. Please see this Insight:

https://insightmaker.com/insight/19954

Government Spending (Current Practice)

Hanns-Jürgen Hodann