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Money and Macroeconomic
Dynamics - Accounting System Dynamics Approach
-
Edition
6 (Draft Version) June 20,
2022 No Quotations, Please! The
entire book of edition 6 (draft) is now hyper-linked
to jump to any chapter and section easily.
Accordingly, chapter copies of edition 6 are no longer
available. |
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| Preface | My
Off-Rad Journey for A Better World (Contents included) Preface to Edition 6 |
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| Part I: Accounting System Dynamics | ||
| Chapter
1 |
System
Dynamics (SD models 1) |
|
| Chapter
2 |
Demand and Supply (SD models 2) | |
| Chapter
3 |
Accounting System Dynamics (SD models 3) | |
| Part
II: Debt Money System |
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| Chapter
4 |
Macroeconomic System Overview (SD models 4) | |
| Chapter
5 |
Money | |
| Chapter
6 |
Creation of Money (SD models 6) | |
| Chapter
7 |
Money as Debts (SD models 7) | |
| Chapter
8 |
Interest and Equity (SD models 8) | |
| Part III:
IS-LM Models of Debt Money System |
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| Chapter
9 |
Short-Run IS-LM Moel (SD models 9) | |
| Chapter
10 |
Endogenous Money IS-LM Model (SD models 10) | |
| Chapter 11 | Long-Run IS-LM Model (SD models 11) | |
| Part IV: Macroeconomic Systems of Debt Money | ||
| Chapter 12 | A Macroeconomc System (SD models 12) | |
| Chapter
13 |
A
Macroeconomic System of Employment (SD models 13) |
|
| Part V: Open Macroeconomic Systems of Debt Money | ||
| Chapter
14 |
Balance
of Payments and Foreign Exchange (SD models 14) |
|
| Chapter
15 |
Open
Macroeconomies as A Closed System (SD models 15) |
|
| Part
VI: Public Money System |
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| Chapter
16 |
Designing A Public Money System (SD models 16) | |
| Chapter
17 |
Workings of A Public Money System (SD models 17) | |
| Chapter
18 |
Monetary and Financial Stability (SD models 18) | |
| Chapter
19 |
Public
Money and Sustainablity |
|
| Chapter
20 |
Transition to Public Money System (SD models 20) | |
| Part VII: Electronic Public Money | ||
| Chapter
21 |
Electronic
Public Money (SD models 21) (Bibliography included) |
|
| All SD models here run only on Vensim
Model Reader (free). Editable ASD models are available directly from the author at kaoru3860@gmail.com |
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| Accounting System
Dynamics - Guest Lectures at the Graduate School of System Design and Management, Keio University, Tokyo, Feb. 3, 2014 |
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|
 |
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Please view along
with Chaper
3 and Lecture
Slides |
|
Irving Fisher.
100% Money, The City Printing Company, New Haven, 1935.
John M. Keynes. The General Theory of Employment, Interest and Money, Preface, December 13, 1935.
1. Robust and comprehensive analytical method of the Accounting System Dynamics is applied for the first time in macroeconomic analysis.
- Accounting System: robust double-entry booking
foundation of social science.
- System Dynamics:
dynamic foundation of differential equations in natural
2.
Money always sits in the center of the macroeconomic analysis,
allowing an inquiry into dynamic macroeconomic behaviors that have
been unattainable under a traditional approach of money as an
incidental addition to the economy.
3. Current macroeconomic system is identified as a debt money system whose structure causes not only recessions and unemployment, but also financial and debt crises. To avoid these economic instabilities and disasters, an alternative system is proposed as a public money system, and comparative analyses of these two systems are conducted.
4. All analyses are based on the simulations of the system dynamics models included in the attached CD, so that readers can confirm them easily by running simulations by themselves. In addition they can perform their own scenario analyses on the basis of their own economic interests and economic hypotheses.
5. All models are built with standard frameworks found in macroeconomic textbooks, so that they can be easily expanded to the readers' behavioral sophistications as well as their case studies of real economies.
