Ecodynamics

{{Multiple issues| {{Expert needed|1=Economics|reason=Needs rewrite: Subject not mentioned in cited works, but appears to be notable based on other works.|date=October 2019}} {{Cleanup rewrite|date=October 2019}} }} '''Econodynamics''' is a part of applied economics. It covers knowledge on monetary value, the usage of money,<ref>M. Grasselli, B. Costa Lima: [http://www.math.mcmaster.ca/~grasselli/GrasselliCostaLima_MAFE_online.pdf An analysis of the Keen model for credit expansion, asset price bubbles and financial fragility], Mathematics and Financial Economics Volume 6, Issue 3, June 2012, pp 191-210</ref> and the money flow.<ref>Trond Andresen: [http://www.itk.ntnu.no/ansatte/Andresen_Trond/econ/accum-08.pdf Fundamental financial accumulation dynamics], Department of Engineering Cybernetics, NT, Trondheim, Norway, August 2009.</ref> It deals with labor, and capital.

==Applications in modern economic modeling== The concept of econodynamics has been applied in macroeconomic models that examine interactions among debt, investment, and financial instability. Some researchers use the term to describe dynamic feedback systems in which monetary flows, credit expansion, and asset prices mutually influence each other over time. For example, studies of nonlinear financial dynamics show how credit growth and asset valuation can reinforce each other, potentially leading to instability in leveraged economies.<ref>{{cite web |title=Financial instability and endogenous cycles |url=https://www.boeckler.de/pdf/p_imk_wp_139_2014.pdf |publisher=Hans Böckler Foundation |date=2014 |access-date=18 November 2025}}</ref> Similar approaches also examine how monetary circulation interacts with production and consumption flows, using system-dynamics models to understand long-run disequilibria in capitalist economies.

== See also == * Thermoeconomics * System Dynamics

==External links== * M. King Hubbert on the [http://www.energybulletin.net/node/3845 Nature of Growth]. Testimony to Hearing on the National Energy Conservation Policy Act of 1974, Subcommittee on the Environment of the committee on Interior and Insular Affairs House of Representatives, June 6, 1974. * Herman E. Daly: [https://web.archive.org/web/20081217023718/http://sef.umd.edu/files/ScientificAmerican_Daly_05.pdf Economics in a Full World], Scientific American, September 2005, Vol. 293, Issue 3. * [http://www.systemdynamics.org/ System Dynamics Society]

== Recommended reading == *{{cite book | last = Boulding | first = Kenneth E. | title = Ecodynamics : a new theory of societal evolution | publisher = Sage Publications | location = Beverly Hills (CA) | year = 1978 | isbn = 978-0-8039-0945-8}} * {{cite book | last = Kümmel | first = Reiner | title = The Second Law of Economics: Energy, Entropy, and the Origins of Wealth | url = https://www.springer.com/physics/complexity/book/978-1-4419-9364-9 | publisher = Springer | location = Berlin | year = 2011 | isbn = 978-1-4419-9364-9}} * {{cite book | last = Pokrovskii | first = Vladimir | title = Econodynamics. The Theory of Social Production | url = https://www.springer.com/physics/complexity/book/978-94-007-2095-4 | publisher = Springer | location = Heidelberg & Berlin | year = 2011 | isbn = 978-94-007-2095-4}} * {{cite book | last = Keen | first = Steve | title = Economic Growth and Financial Instability, Dissertation at the School of Economics | url = https://www.springer.com/physics/complexity/book/978-94-007-2095-4 | publisher = The University of New South Wales | location = Sydney | year = 1997 | isbn = 978-94-007-2095-4}}

== References == {{Reflist}}

Category:Monetary economics