John Morecroft’s implementation of Jay Forrester’s Market Growth model, replicated by an MIT colleague whose name is lost to the mists of time, from: Morecroft, J. D. W. (1983). System Dynamics: Portraying Bounded Rationality. Omega, 11(2), 131-142. This paper examines the linkages between system dynamics and the Carnegie school in their treatment of human decision … Continue reading Market Growth