Chapter
Modeling Complex Interactive Systems
2:36:14 - 2:41:04 (04:50)
The speaker shares insights on the development of software to model the dynamics of complex interactive systems, such as the economy, which can involve multiple actors and generate cycles of interactions.
Clips
This podcast discusses the use of free open source system dynamics software, called Stability, which was built by Steve Kean and Russell Standish, to model complex interactive systems, such as factories.
2:36:14 - 2:38:40 (02:25)
System Dynamics
Summary
This podcast discusses the use of free open source system dynamics software, called Stability, which was built by Steve Kean and Russell Standish, to model complex interactive systems, such as factories.
ChapterModeling Complex Interactive Systems
Episode#303 – Steve Keen: Marxism, Capitalism, and Economics
PodcastLex Fridman Podcast
The economy can be understood mathematically through differential equations, where the profit rate affects investment, and the rate of employment affects the rate of change of wages.
2:38:40 - 2:41:04 (02:24)
Economy
Summary
The economy can be understood mathematically through differential equations, where the profit rate affects investment, and the rate of employment affects the rate of change of wages.