System Dynamics

System Dynamics is a profession that has transformed society globally by making improvements to decision-making in enterprise, government, healthcare, sustainability, and other sectors.

Established at MIT Sloan School of Management in the 1950s by Professor Jay Forrester, System Dynamics uses engineering tools to understand and model complex problems.

System Dynamics also studies the unintended consequences of policies. Origin of System Dynamics describes that Urban Dynamics and its computer model “illustrates why many well-known urban policies are either ineffective or make urban problems worse.” For example, “a policy of building low income housing creates a poverty trap that helps to stagnate a city, while a policy of tearing down low income housing creates jobs and a rising standard of living for all of the city’s inhabitants.”

Read more at What is System Dynamics page and the Wikipedia page about System Dynamics.