Jay Wright Forrester (1918–2016): His Contribution to the Concept of Overshoot in Socioeconomic Systems

Ugo Bardi ()
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Ugo Bardi: Università di Firenze

Biophysical Economics and Resource Quality, 2016, vol. 1, issue 2, 1-3

Abstract: Abstract The recent death of Jay Wright Forrester has generated several obituaries in the press describing his many achievements. However, often his involvement in the somewhat controversial issue of «World Modeling» and of «The Limits to Growth» has gone unmentioned or only barely mentioned [see, e.g., the article that appeared in The New York Times (Hafner in Jay W. Forrester dies at 98; a pioneer in computer models, 2016)]. In this commentary, I aim at providing a brief discussion of one of Forrester’s main scientific achievements: the introduction of the concept of overshoot and collapse as applied to socioeconomic systems.

Keywords: System dynamics; World modeling; Resource depletion; Jay Forrester; Limits to growth (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/s41247-016-0014-8

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