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BC3-UPV/EHU Seminars: Environmental problems: How can System Dynamics complement Economics?
December 3, 2010 @ 11:30 am
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BC3-UPV/EHU Seminars
“Environmental problems: How can System Dynamics complement Economics?”
Professor Erling Moxnes
Systems Dynamic Group, University of Bergen, Norway
Abstract
Dynamics complicate understanding. It took 2000 years before Newton corrected Aristotle’s misunderstanding of velocity. Economic systems are harder to understand than the velocity of objects, and it is not surprising that dynamics are still not well understood in economics. I will concentrate on two dynamic phenomena, cycles and overshoots.
Date: 3rd December, 2010
Location: Sarriko
11:00 – 12:30
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