Video tutorial: system dynamics and economics of the circular economy

The decision basis most policy makers have to go on are overwhelmingly economic data. This is needed but economics is far from being a science. For one thing, the units economists use are much less concise than those of physics, biology etc. For another, the world would continue without economists. Science-based professions, like engineering and medicine, would stop working without its science-based practitioners.

Is it possible to create a rational decision basis using metrics other than money? Can this be presented in a way that will help decision-making? Especially decisions about transition to a circular economy?

Lecture, 31 minutes

Contents:

  • System dynamics applied to real capital, its status, capacity and thresholds.
  • How to connect the firm’s infrastructure with environmental and social performance and investment needs.
  • The Assets – Liabilities- Equity approach to clarify and quantify the firm’s affect  om real capital, especially natural capital. Even of the total production system on nature and society for any geographical area
  • A normative approach for capital status producing a solid decision basis for the three areas of sustainability – Economic, Social – Ecological.

I need help to make these threads better. Feel free to comment below.

Download the slides here (.pdf)

2 thoughts on “Video tutorial: system dynamics and economics of the circular economy”

Leave a comment