The Inadequacy of Forrester System Dynamics Computer Programs for Institutional Principles of Hierarchy, Feedback, and Openness

Authors

F. Gregory Hayden, University of Nebraska - LincolnFollow

Date of this Version

June 2006

Comments

Published in the Journal of Economic Issues Volume XL, No. 2, June 2006. Copyright © 2006, Journal of Economic Issues. Used by permission.

Abstract

The purpose here is to discuss the institutional systems principles of hierarchy, feedback, and openness, and to explain the inadequacy of Forrester-type system dynamics programs to apply those principles.