System Dynamics Society
Encyclopedia
The System Dynamics Society is a not-for-profit organization based in Albany, New York
Albany, New York
Albany is the capital city of the U.S. state of New York, the seat of Albany County, and the central city of New York's Capital District. Roughly north of New York City, Albany sits on the west bank of the Hudson River, about south of its confluence with the Mohawk River...

, USA, whose mission is to further research into system dynamics
System dynamics
System dynamics is an approach to understanding the behaviour of complex systems over time. It deals with internal feedback loops and time delays that affect the behaviour of the entire system. What makes using system dynamics different from other approaches to studying complex systems is the use...

 and systems thinking
Systems thinking
Systems thinking is the process of understanding how things influence one another within a whole. In nature, systems thinking examples include ecosystems in which various elements such as air, water, movement, plants, and animals work together to survive or perish...

.

Economics Chapter

The Economics Chapter of the System Dynamics Society is a part of the System Dynamics Society, which deals with different objectives concerning system dynamics
System dynamics
System dynamics is an approach to understanding the behaviour of complex systems over time. It deals with internal feedback loops and time delays that affect the behaviour of the entire system. What makes using system dynamics different from other approaches to studying complex systems is the use...

. The objectives of this chapter are;
  • To identify, extend and unify knowledge contributing to the understanding and betterment of economic systems through the use of System Dynamics.
  • To promote the development of the fields of Economics
    Economics
    Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...

     and System Dynamics
    System dynamics
    System dynamics is an approach to understanding the behaviour of complex systems over time. It deals with internal feedback loops and time delays that affect the behaviour of the entire system. What makes using system dynamics different from other approaches to studying complex systems is the use...

    .
  • To encourage and develop educational programs related to the behavior of economic systems.
  • To promote pluralism within the economics profession.


To accomplish these objectives the Economics Chapter proposes to conduct chapter meetings and to publish a journal, newsletter, website, books, and other materials. The president in 2007 is I. David Wheat, Jr., Senior Lecturer in System Dynamics, University of Bergen, Norway. Immediate Past-President is Oleg V. Pavlov , Assistant Professor, Worcester Polytechnic Institute, USA. And there are currently 71 members in this chapter.

External links

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