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Subsystem Model of the Economy

  • Fraser Murison Smith
Chapter

Abstract

This chapter delves into the model economy to explore how flows of materials and money within it affect its long-term prospects. The economy is divided into three major subsystems: Production, Consumption and Regeneration. A fourth subsystem, Government/Regulation, monitors natural capacity and regulates material and money flows accordingly. In addition to flows of material, the model tracks gross global product (GPP) per capita as a rough measure of prosperity. The results indicate that the exercise of material discipline, such as by recirculating material within the economy, leads to long-term stability and increased prosperity.

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Fraser Murison Smith
    • 1
  1. 1.San RafaelUSA

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