As promised, a while back, here is a continuation of my journey on understanding GDP, for the purpose of link economic outcomes to system behaviour. In this blog I’ll look at the expenditure method (GDP(E). I’ve skipped over the income method for the moment, … Continue reading
Posted in GDP, Linking Performance to Activity, Policy Deployment, System Dynamics, Value Flow, Value Stream Networks, Visual Economy
Tagged Lean Thinking, Policy Deployment, Systems Modelling, Systems Thinking, UK Economy, Value Stream Networks, Visualising Systems
IDEA: Wouldn’t it be useful if all boardroom agenda items were only allowed to last one minute, conducted without repetition, deviation, hesitation and the other thing.
Interesting piece of work proposed on agent level modelling of the economy. No surprise this comes from a physics and systems dynamics guy. See link: http://ineteconomics.org/video/30-ways-be-economist/doyne-farmer-macroeconomics-bottom Interesting one to watch. Here is my posted comment: I’m surprised no-one has had … Continue reading
Oh dear. Not impressed. It seems to have added nothing of substance to the previous website, and on first inspection, there are elements missing e.g. lack of trended data in the summaries of economic data – did they think I … Continue reading