Feedback economics : economic modeling with system dynamics / Robert Y. Cavana, Brian C. Dangerfield, Oleg V. Pavlov, Michael J. Radzicki, I. David Wheat, editors.
Cavana, R. Y., editor.; Dangerfield, Brian C., editor.; Pavlov, Oleg V., editor.; Radzicki, Michael J., editor.; Wheat, I. David, editor.
2021
HB135
Available Online

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Title
Feedback economics : economic modeling with system dynamics / Robert Y. Cavana, Brian C. Dangerfield, Oleg V. Pavlov, Michael J. Radzicki, I. David Wheat, editors.
ISBN
9783030671907 (electronic bk.)
3030671909 (electronic bk.)
3030671895
9783030671891
DOI
https://doi.org/10.1007/978-3-030-67190-7
Publication Details
Cham : Springer, 2021.
Language
English
Description
1 online resource
Item Number
10.1007/978-3-030-67190-7 doi
Call Number
HB135
Dewey Decimal Classification
330.01/5118
Summary
This book approaches economic problems from a systems thinking and feedback perspective. By introducing system dynamics methods (including qualitative and quantitative techniques) and computer simulation models, the respective contributions apply feedback analysis and dynamic simulation modeling to important local, national, and global economics issues and concerns. Topics covered include: an introduction to macro modeling using a system dynamics framework; a system dynamics translation of the Phillips machine; a re-examination of classical economic theories from a feedback perspective; analyses of important social, ecological, and resource issues; the development of a biophysical economics module for global modelling; contributions to monetary and financial economics; analyses of macroeconomic growth, income distribution and alternative theories of well-being; and a re-examination of scenario macro modeling. The contributions also examine the philosophical differences between the economics and system dynamics communities in an effort to bridge existing gaps and compare methods. Many models and other supporting information are provided as online supplementary files. Consequently, the book appeals to students and scholars in economics, as well as to practitioners and policy analysts interested in using systems thinking and system dynamics modeling to understand and improve economic systems around the world. "Clearly, there is much space for more collaboration between the advocates of post-Keynesian economics and system dynamics! More generally, I would like to recommend this book to all scholars and practitioners interested in exploring the interface and synergies between economics, system dynamics, and feedback thinking." Comments in the Foreword by Marc Lavoie, Emeritus Professor, University of Ottawa and University of Sorbonne Paris Nord
Note
Includes index.
Access Note
Access limited to authorized users.
Digital File Characteristics
text file
PDF
Source of Description
Online resource; title from PDF title page (SpringerLink, viewed July 9, 2021).
Added Author
Cavana, R. Y., editor.
Dangerfield, Brian C., editor.
Pavlov, Oleg V., editor.
Radzicki, Michael J., editor.
Wheat, I. David, editor.
Series
Contemporary systems thinking, 1568-2846
Available in Other Form
Print version: 9783030671891
Linked Resources
Online Access
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Chapter 1. Introduction to Feedback Economics
Part I: Macroeconomics
Chapter 2. Get Started with Macro Modeling
Chapter 3. Equilibrium, Instability, Growth and Feedback in Economics
Chapter 4. Accounting System Dynamics Modeling of Money Stock as Debts: Theory and Case Analysis of Japan
Chapter 5. A System Dynamics Translation of the Phillips Machine
Part II: Microeconomics
Chapter 6. Economic Origins of the Sicilian Mafia: A Simulation Feedback Model
Chapter 7. Comparison of System Dynamics Calibration and Econometric Estimation
Chapter 8. Modeling the paradox of Redistribution
Part III: Resource Economics
Chapter 9. Limits to Growth Concepts in Classical Economics
Chapter 10. Development of a Biophysical Economics Module for the Global Integrated Assessment Model WORLD7
Chapter 11. System Dynamics Modelling of Ecological-Economic Systems
Chapter 12. Blessing or Burden? Another Look at the National Resource Curse
Part IV: Policy Analysis
Chapter 13. Policy Responses to Sovereign Debt Induced Banking Crises: A Model-Based Evaluation of Alternatives
Chapter 14. Use of System Dynamics for Macro-Financial Scenario Assessment: Debt and Currency Crises in Russia
Chapter 15. Economic Impact Assessment of Raw Material Efficiency
Chapter 16. Insights on Profit Sharing and Jobs Creation in Bi-dimensional Goodwinian Models
Part V: Variations and Reflections
Chapter 17. Behavioral Expectation Formation and the Knife Edge: Another Look at Harrod
Chapter 18. Burying Samuelson's Multiplier-Accelerator and resurrecting Goodwin's Growth Cycle in Minsky
Chapter 19. Extending the Boundaries of Feedback Economics to Well-Being: An Interlinked Thinking Approach
Chapter 20: A System Dynamics Scenario Model of the New Zealand Economy: Review and Reflections after 25 Years.

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