Corridor of Viability: Complexity Analysis for Enterprise and Investment

Toward a synthetic economic systems modeling tool for sustainable exploitation of ecosystems

“…Recently two of the authors have embarked on building a sustainability model as a test bed for the evolution, investigation and trial simulations of a new synthesis of economics and ecology that does not have the same traditional tensions discussed above. 40 This approach to economic modeling aims to significantly enhance current efforts by policy makers, agriculturists, and environmentalists to, first, stave off the looming environmental disasters that exist in places like the Murray-Darling river basin system, and then to rebuild it as an ecologically supported and sustainable economic system. In this way, a computer simulation model can be produced that provides a planning tool for decision makers, one that displays for them the interaction of economic and environmental changes.…”

“…Use of such an approach allows the tracing out the path of investment decisions and their impact on the economy. Recently two of the authors have embarked on building a sustainability model as a test bed for the evolution, investigation and trial simulations of a new synthesis of economics and ecology that does not have the same traditional tensions discussed above 40 . This approach to economic modeling aims to significantly enhance current efforts by policy makers, agriculturists, and environmentalists to, first, stave off the looming environmental disasters that exist in places like the Murray‐Darling river basin system, and then to rebuild it as an ecologically supported and sustainable economic system.…”

Towards a Model of Eco-Sustainable Agricultural. Production in a Regulated River Basin

“…Then the way the system adapts and changes can be seen through movement in the variables (including such ratios as the land degradation rate, profit rate and the capital-output ratio) over a succession of simulated short periods of historical time that can be represented as separate and discrete. Courvisanos and Richardson (2006) use such a complexity modelling approach to trace out the path of investment decisions and their impact on the economy. More recently the same two authors have embarked on building a sustainability model as a test bed for the evolution, investigation and trial simulations of a new synthesis of economics and ecology that does not have the limitations of the two conventional approaches described above (Richardson, Courvisanos, 2009).…”