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The "system dynamics" approach to economics as developed at MIT.
2013 Reprint of 1961 First Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. This work has been cited as one of the most seminal works of the era. Forrester outlines industrial dynamics as an experimental, quantitative philosophy for designing corporate structure and policies that are compatible with an organization's growth and stability objectives. Forrester believes that management systems possess an orderly and identifiable framework that determines the character of industrial and economic behavior. In this volume, he presents for the first time a methodology for detecting and exhibiting this structure for study.
2013 Reprint of 1961 First Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. This work has been cited as one of the most seminal works of the era. Forrester outlines industrial dynamics as an experimental, quantitative philosophy for designing corporate structure and policies that are compatible with an organization's growth and stability objectives. Forrester believes that management systems possess an orderly and identifiable framework that determines the character of industrial and economic behavior. In this volume, he presents for the first time a methodology for detecting and exhibiting this structure for study.
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Jay W. Forrester (1918 - 2016) was a pioneering American computer engineer and systems scientist. He was a professor at MIT and later at MIT Sloan School of Management. Forrester is credited with being one of the inventors of magnetic core memory, the creator of the first computer animation, and the father of the field of System Dynamics - a computer-aided approach for strategy and policy design. In Principles of Systems, Professor Forrester explains the basic principles behind system behavior. He introduces the concepts of structure and dynamic behavior that were first introduced in his prior books, Industrial Dynamics (1961) and Urban Dynamics (1971). Due to the general nature and wide app...