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The neoclassical models of economics seem to have eluded the concept of physical limits to growth by assuming that the market and the technological advances evoked by it will make it possible to tap new resources and create substitution of production factors. They have also rarely addressed...
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This is a lightly edited transcript of the first half of the Fireside chat with Professor Jay Wright Forrester (JWF) held on July 24, 2013 at the 31st system dynamics conference in Cambridge, MA. Professor Forrester was 95 at the time of the interview. He passed away in 2016, just short of his...
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System Dynamics offers a powerful vehicle to model environmental agendas and design operational interventions to mitigate environmental problems, provided the models of environmental issues have in them an appropriate policy space. Two limitations mar most modeling efforts to issue operational...
Persistent link: https://www.econbiz.de/10014062319
System Dynamics is an alternative calculus that is intuitive and can be implemented on modern computers – models built with it are not abstract and can be verified. Using this alternative calculus, it proposes an alternative economics, whose actors are not rational agents, but managers. It is...
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While there is a consensus among system dynamics scholars that the dichotomous term validity must be replaced by the term confidence for system dynamics models, it is unclear what qualifies as a system dynamics model – a computational instrument for forecasting, or an experimental tool to...
Persistent link: https://www.econbiz.de/10012940789
This paper re-evaluates the telecommunication policies often applied to create regional dispersion of services in developing countries. We observe that failure to consider the complexities of the regional telecommunication systems in creating policies and investment strategies has increased the...
Persistent link: https://www.econbiz.de/10014046297