Book Manuscript

Operational Economics
Replacing rational agent with manager

Khalid Saeed

Chapter 1Introduction: What is operational economics?
Chapter 2Methodology for operational economics: The verifiable calculus of system dynamics
Chapter 3Bounded rational managerial role-play and the generic systems it creates
Chapter 4Macroeconomic patterns and contemporary models
Chapter 5Classical economics through system dynamics lens
Chapter 6An operational theory of firm
  • Managerial silos within the firm
  • Marketing / advertising
  • Production and Operations Management
  • Capital investment
Chapter 7Production as supply chain (industrial dynamics)
Chapter 8Managing supply chain instability with dynamic control
Chapter 9What about Demand?
  • Delivery delay, quality, commitments, tastes, preferences. Really??
  • Coupled adjustment processes in short term changes in demand
  • Household income, functional income distribution, Say’s Law.
Chapter 10Price: an outcome or a driver?
Chapter 11Macro behavior from microstructure
Chapter 12Reformulating the macro-economic model through system dynamics lens
Chapter 13Managing economic cycles with feedback control
Chapter 14Money, taxation, and public finance
  • Fiat money is not a commodity
  • Managing money supply with feedback control
Chapter 15Duality, income distribution, and poverty alleviation
Chapter 16Foreign trade in the face of footloose capital and restricted labor mobility
Chapter 17Economic development as creative destruction
Chapter 18Environmental/ecological considerations
  • The demand for environmental resources
  • The supply system and the tipping point
  • Control of the resource basket
  • Subsuming environmental restoration into the market
Chapter 19Path forward
  • Economy as a supply chain
    • Workforce dynamics
    • Investment dynamics
      • Real estate
      • Debt crisis
    • Self-ordering dynamics
    • Long term changes in functional income distribution
Chapter 20System thinking metaphors
Chapter 21Model validity