dynamic-modeling
Creating continuously updated models that represent economic processes as flows with time lags and varying intensities, enabling real-time understanding and control.
1 chapter across 1 book
Designing Freedom (1974)Stafford Beer
The chapter traces the evolution of information management challenges in governance, highlighting the inadequacies of traditional government structures due to rigidity, delayed information, and poor variety attenuation. Stafford Beer proposes a cybernetic approach to governance that models economic and social systems dynamically and recursively, involving workers and utilizing real-time data flows to enable proactive, adaptive control. The chapter also discusses practical implementation through dynamic simulation and addresses criticisms, illustrating the approach's feasibility and urgency despite institutional and political obstacles, as exemplified by the Chilean experience.