Causal loop representations of macroeconomics taken from the System Dynamics literature contrasted with Forrester's main analysis of social and business organization layers See also Saeed's Forrester Econoics IM-183285
Clone of Macroeconomics causal loop diagrams
Goodwin business cycle model, modified from Keen and Blatt
Clone of Goodwin Business Cycle
Goodwin business cycle model, modified from Keen and Blatt
Clone of Goodwin Business Cycle
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:
Devation from the equilibrium conditions generates growth cycles.
Goodwin Model
Summary of Ch 11 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
The Classical System of Employment and Output Determination
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.See also Feb 2026 updated insight
The essence of MMT
WIP Summary of MIchael Hudson's Book Killing the Host: How Financial Parasites and Debt destroy the Global Economy
Killing the Host
See extension Goodwin02 at IM-172145
Clone of Goodwin Minsky Simulation Keen Economic Dynamics Aug2019
Overview of Ch 26 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
Stabilising the Unstable Economy
Taken from Saeed, Khalid. ‘Limits to Growth Concepts in Classical Economics’. In
Feedback Economics: Economic Modeling with System Dynamics, edited by Robert Y. Cavana, Brian C. Dangerfield, Oleg V. Pavlov, Michael J. Radzicki, and I. David Wheat, 217–46. Cham: Springer International Publishing, 2021.
https://doi.org/10.1007/978-3-030-67190-7_9.
Note that I haven't been able to reproduce the reported results!
Marxian economic growth
WIP Ideas from Science Special Issue May 2014
Clone of The Science of Inequality
WIP Overview model structures of Khalid Saeed's 2014 WPI paper Jay
Forrester’s Disruptive Models of Economic Behavior See also General SD and Macroeconomics CLDs IM-168865
Clone of Jay Forrester's Disruptive Economic Models
WIP Summary of 2020 article Monetary Sovereignty: Nature, Implementation, and Implications by Eric Tymoigne
Eric Tymoigne Monetary Sovereignty
Summary of Ch 6 of Mitchell Wray and Watts Textbook see IM-164967 for overview
Sectoral accounting and the flow of funds
Goodwin cycle IM-2010 with debt and taxes added, modified from Steve Keen's illustration of Hyman Minsky's Financial Instability Hypothesis "stability begets instability". This can be extended by adding the Ponzi effect of borrowing for speculative investment.
Clone of Clone of Minsky Financial Instability Model
Goodwin business cycle model, modified from Keen and Blatt
Clone of Goodwin Business Cycle
Summary of Ch5 of Mitchell Wray and Watts Textbook see IM-164967 for overview
Labour Force States and Transitions
Scratch build of a stock-flow consistent model of a closed economy, based on a current transactions matrix
Closed Economy
Summary of Ch 18 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
The Phillips Curve and Beyond
Summary of Ch 24 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
Policy in an open economy
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
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
Clone of Circularity in Economic models
WIP summaries of bill mitchell's blog postings related to the connections between macroeconomics and wellbeing, particularly via unemployment and inflation
Clone of Unemployment and wellbeing
Overview of Part D Ch 17 to 19 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
Unemployment and Inflation Theory and Policy
