Feedback Economics: Economic Modeling with System Dynamics
The School of Management offers congratulations to Dr. Bob Cavana on co-editing a new book.
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 book will appeal 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. It has been performing very well in Amazon's 'hot new releases' list and is listed in Economic Theory, Computer Simulation, and Macroeconomics.
It is also available online through The Library—Te Pātaka Kōrero.