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Document Type

Article

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.

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Business Commons

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