Economics | Insight Maker

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

An attempt to combine ideas from Joe Stiglitz's Book The Price of Inequality, Peter Turchin's book Secular Cycles and Khalil Saeed and Oleg Pavlov's Dynastic Cycles SD model paper

Inequality Crisis and Secular Cycles

Geoff McDonnell

3

Wagdy Samir work in progress. Addition of Bill Mitchell's draft textbook chapter1 See also The value of everything book IM

MacroEconomics

Geoff McDonnell

5

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

IM-168155 Summary of Ch 27 of Mitchell Wray and Watts Textbook see IM-164967 for book overview with simplified Mike Radzicki's 2003 Evolutionary Economics history article added

History of Economic Thought 2

Geoff McDonnell

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

UBI and Job Guarantee Comparison

Geoff McDonnell

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

From Jay Forrester 1988 killian lectures youtube video describing system dynamics at MIT. For more detailed biography See Jay Forrester memorial webpage For MIT HIstory see IM-184930 For Applications se IM-185462

System Dynamics Concepts

Geoff McDonnell

4 last month

WIP replication of Khalid Saeed's draft paper presented by the Economics chapter of the SD Society in Sept 2019 youtube video

Unlinking public finance and taxation in fiat currency

Geoff McDonnell

ECONOMIC GROWTH feeds on itself, provided the growth engine is fed with materials and finance. In this highly simplified representation some of the factors that influence economic growth are show in the incircled green fields. Governments can influence economic growth positively via investments and payouts. The most obvious tool which governments can use to slow an overheated economy is taxation.

Economic Growth Engine

Hanns-Jürgen Hodann

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.

Circularity in Economic models 1

Geoff McDonnell

WIP Social determinants of health from Michael Marmot's ABC 2016 Boyer Lectures on Social Justice and the Health Gap See US Data website for data and AIHW website for concepts. See also IM-83417 Marmot Essay 2017

Social Justice and the Health Gap

Geoff McDonnell

Causal loop representation of Keynesian macroeconomics taken from the System Dynamics literature, specifically Henize 1972 MIT D-memo D-1717. See also Nathan Forrester's SF CLD Diagram from his PhD IM-165714

Keynes theory of employment and inflation

Geoff McDonnell

From Schluter et al 2017 article A framework for mapping and comparing behavioural theories in models of social-ecological systems COMSeS2017 video. See also Balke and Gilbert 2014 JASSS article How do agents make decisions? (recommended by Kurt Kreuger U of S)

Modelling human behaviour (MoHuB)

Geoff McDonnell

9 6 months ago

Investigations into the relationships responsible for the success and failure of nations. This investigation was prompted after reading numerous references on the subject and perceiving that *Why Nations Fail: The Origins of Power, Prosperity, and Poverty* by Acemoglu and Robinson seem to make a great deal of sense.

Original model done for The Perspectives Project though recast into Kumu.

Why Nations Fail

Fanda Bunda

A basic conceptual model to evaluate Government regulation of the food industry on community health and health & social costs. Would regulation have a negative impact on the overall budget in the short and longer term?

Food Industry Regulation - Health & Social Spending - Budget Implications

Joachim P Sturmberg

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

Macroeconomics Textbook Overview

Geoff McDonnell

3

Map of Geoffrey M Hodgson's 2015 Conceptualizing Capitalism book summary pdf with other ideologies added sept 2021 from new politics website

Capitalism and Ideologies

Geoff McDonnell

3

Adapted from Hartmut Bossel's "System Zoo 3 Simulation Models, Economy, Society, Development."

Population model where the population is summarized in four age groups (children, parents, older people, old people). Used as a base population model for dealing with issues such as employment, care for the elderly, pensions dynamics, etc.

Clone of Z602 Population with four age groups

Michael Scallan

8

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

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

Economics Models