Economics | Insight Maker

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

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

Tatiana Costache

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

Causaal verband diagram sparen - samengestelde interest

Henny van Dongen

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

Tzara

Unfolding story based on Bogdanov's original A Short Course of Economic Science text and Pilyugina's 2019 article

Bogdanov Economic History of Societies

Geoff McDonnell

6 months ago

Summary of Zimmerman2013 article (paywalled) Habit, custom, and power: A multi-level theory of population health. Also mapped to COM-B. See also Dynamics in action IM, PCT Double Loop Learning IM and Structure Agency framework IM

Multilevel theory of behavior

Geoff McDonnell

8 months ago

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

From Walrave ISDC2014 paper Counteracting the success trap in publically owned corporations. Similar to the ordinary (efficiency focussed) and dynamic capabilities (explore) insight described by David Teece

See also evolution and brain control insight

Explore or Exploit

Geoff McDonnell

5 7 months ago

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 based mostly on Jan Toporowski 2013 vol 1 and 2018 vol 2 books on Michal Kalecki: An Intellectual Biography

Layout Consistent with David Wheat MacroEconomic model CLD Insight by Gene Bellinger

Kalecki economic thought

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

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

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 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

Figs 1 and 2 of David HArvey's Companion to Marx's Grundrisse illustrating the circulation of money and value in capitalism, dubbed as "value in motion" Also Waterstone and Chomsky Consequences of Capitalism Book

Marx and Circulation of Capital and Money

Geoff McDonnell

In a Dasgupta review lecture I heard 'welfare is stock, therefore it cannot be measured by GDP, since GDP is a flow'. This fascinated me. Therefore I am trying to make a stock-flow diagram of this.

Welfare is a stock

Henny van Dongen

Walmart Invasion

Roland Kofler

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

Máté Csonka

9 months ago

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

19

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

Value and cost benefit analysis

Geoff McDonnell

From Bill Mitchell and Warren Mosler December2018 billy blog entry and mosler's MMT white paper (google docs) 2019. Some highly aggregated stocks and flows and boundaries introduced.

Clone of The essence of MMT

Jeb Eddy

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

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

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

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

Very simple causal loop diagram of a loan, which can be any loan. However, when the loan is a fixed amount, that needs to be repaid in x periods, you can cross out the 'taking out' arrow from debt to bank account.

Causal loop diagram of a loan

Henny van Dongen

Economics Models