Discover and read the best of Twitter Threads about #SystemDynamics
Most recents (6)
The birth of 'macroeconomics' as a formal discipline, 1933, with caveats of what was inevitably to come to formal theory!
Still very relevant to problems we witness everyday in forecasting WTH is happening!
Still very relevant to problems we witness everyday in forecasting WTH is happening!
JM Keynes, being the son of a Professor of logic & scientific methodology, would have recognised Carveth Read's 'Fallacy of Exactness' 👇& how that applies to macroeconomics proper (hence the oft repeated apocryphal Keynes quote).
While the necessary simulations were necessary for Frisch's envisioned dynamic analysis (proto-#SystemDynamics)👇 it was impractical, because his 'computers' (a roomful of peeps doing sums with pen & paper) were not very efficient.
The rest is history.
The rest is history.
Loanable Fund vs Endogenous Money.
A short film stylized in an old fashion silent movie-type format and utilizing the #Minsky #systemdynamics software.
Download Minsky for free: sourceforge.net/projects/minsk… (1/16)
A short film stylized in an old fashion silent movie-type format and utilizing the #Minsky #systemdynamics software.
Download Minsky for free: sourceforge.net/projects/minsk… (1/16)
Let's start with what you learn in the textbooks and hear on the news. It's the loanable fund's fallacy. (2/16)
The aggregate banking sector is broken into 4 accounts.
1. Reserves (Assets)
2. Customer1 Deposits (Liability)
3. Customer2 Deposits (Liability)
4 Bank Equity (Equity)
Note the initial conditions under each account. (3/16)
1. Reserves (Assets)
2. Customer1 Deposits (Liability)
3. Customer2 Deposits (Liability)
4 Bank Equity (Equity)
Note the initial conditions under each account. (3/16)
Daily Bookmarks to GAVNet 04/13/2022 greeneracresvaluenetwork.wordpress.com/2022/04/13/dai…
The new dynamics of financial globalization | McKinsey
mckinsey.com/industries/fin…
#FinancialGlobalization, #CapitalFlows, #SystemDynamics
mckinsey.com/industries/fin…
#FinancialGlobalization, #CapitalFlows, #SystemDynamics
How to build brain-inspired neural networks based on light
techxplore.com/news/2022-04-b…
#NeuralNetworks, #NeuromorphicComputing, #EnergyEfficiency
techxplore.com/news/2022-04-b…
#NeuralNetworks, #NeuromorphicComputing, #EnergyEfficiency
Daily Bookmarks to GAVNet 09/30/2021 greeneracresvaluenetwork.wordpress.com/2021/09/30/dai…
Global impacts of Nature’s journalism and opinion
nature.com/articles/d4158…
#journalism #OpEd,#RealWorldImpact #publications #funding
nature.com/articles/d4158…
#journalism #OpEd,#RealWorldImpact #publications #funding
Identifying and prioritizing potential human-infecting viruses from their genome sequences
journals.plos.org/plosbiology/ar…
#ZoonoticRisk #genomics #MachineLearning #models #RiskAssessment
journals.plos.org/plosbiology/ar…
#ZoonoticRisk #genomics #MachineLearning #models #RiskAssessment
Important perspective below
When I was a foreign grad & trainee I bought into idea: I just needed to work 3x as hard to get 1/2 as far
At mid-career, my health gave out trying for:
“be the person you needed when you were younger”
& to protect students
this system does not work
When I was a foreign grad & trainee I bought into idea: I just needed to work 3x as hard to get 1/2 as far
At mid-career, my health gave out trying for:
“be the person you needed when you were younger”
& to protect students
this system does not work
Editors of elite journal @JAMA_current question if medical racism is real
the business world gets it
@HarvardBiz
published this on #minoritiesinmedicine #blackexcellence #blm #BlackLivesMatter
#MedTwitter needs #transparency & #Accountability
hbr.org/amp/2018/08/re…
the business world gets it
@HarvardBiz
published this on #minoritiesinmedicine #blackexcellence #blm #BlackLivesMatter
#MedTwitter needs #transparency & #Accountability
hbr.org/amp/2018/08/re…
why can’t elite journals that define #EBM & #datadriven #healthcare
like @JAMA_current
focus on OUTCOMES
as experienced by PATIENTS
Why focus on LABELS certain physicians don’t like to hear?
Am a former regulator
we need quality #data by gatekeepers
medpagetoday.com/publichealthpo…
like @JAMA_current
focus on OUTCOMES
as experienced by PATIENTS
Why focus on LABELS certain physicians don’t like to hear?
Am a former regulator
we need quality #data by gatekeepers
medpagetoday.com/publichealthpo…
This thread is to congratulate Prof. Steve Keen for having his co-authored paper accepted by the Journal of Ecological Economics, and to thank him for the attached preprint. The correct role of energy in production has been absent from conventional economic theory for centuries.
Energy is a hard concept. This might explain its absence of economic models. And confirms Keen's courage to dare tackle the problem.
His new contribution gains even more relevance since we have entered the Anthropocene full steam ahead, further into overshoot.
His new contribution gains even more relevance since we have entered the Anthropocene full steam ahead, further into overshoot.
As @GeorgeMonbiot put it "The oligarchic control of wealth, politics, media and public discourse explains the comprehensive institutional failure now pushing us towards disaster." There are plenty of reasons to add economics to this list.
