Thinking in Systems, Ch. 2: Types of System Dynamics

In this video, I go through the key ideas in Ch. 2 of Donella H. Meadows' book, Thinking in Systems. The chapter title is “A Visit to the Systems Zoo”, and it describes different dynamics of stock within a system. I take an economist’s view of the chapter.

[@hattyhopkinson1793]

Thanks, Ashley. You have a very clear, engaging presenting style which is super-helpful in bringing these complex ideas to life and making them accessible. Really appreciate this video.

[@fabioseva2]

I came to this book and your videos by examining NounsDAO during its first two years. Would love to have an economist with systems knowledge in the discussion. Congrats for the series! You are ver educational

[@Machinationstudio]

I was reading this chapter and was totally demoralised by my inability to understand the feedback loops well enough to predict what will happen and prevent what you call the oscillating stock of over correction.
Glad to hear that even the Fed can't do that. So it's not me being not smart enough.

[@blackhunk2265]

Thank you. So beautifully explained chapters and concepts 👍🙏

[@zhangkate6454]

Love this good summary and perspective.

[@lilierdmann]

I really love the more recent topics

[@ajoeannabrown9563]

With the anoligy you gace for the oscillating system and the federal reserve. First off I love it as a undergrad students that almost completed an Economics degree but as a uni student that is more interested in population studies (i.e. people) my questions are: 1. Can an oscillating system be balanced? 2. With your Federal Reserve and IR example, in such a system what is the best way to maintain or obtain proxy to equilibrium, is it via predictive analysis that have high confidence intervals that can predict an outcome with 95-99% accuracy or is it with external force (i.e. raising & lowering the IR with more accurate data)? Can equilibrium be maintained in this type of system, looking to hear your thought?

[@nyreescales8868]

Thank you for this video! Very helpful

[@nasserfardousi5156]

Thanks. Great summary

[@nietur]

So bunnies are a two stock system. One reinforcing (bunny population) and one balancing (food). Or both could be oscillating.

[@timothybrown8488]

Super helpful.

[@DrPaulVMathew]

A book without any key take awayz