Stocks and Flows and Causal Loops

Simple stuff:

"Stock and Flow" and "Causal Loop" graphs look somewhat similar and are easily confused. Key to good understanding and Systems Thinking is to distinguish them and use each in its proper place. Economist Michal Kalecki joked that "Economics is the science of confusing stocks with flows." Don't do that!

(cf Fifth Disciplinarians (2000-09-10), Systems Dynamics Advice (2017-07-12), Thinking in Systems (2017-11-03), The World We Truly Want(2018-10-13), Superpowers - Systems Thinking, Asking, and Listening (2019-01-29), Dancing with Systems (2019-06-21), Systems Thinking Icebergs (2019-06-27), Insight Modeling (2019-12-31), ...) - ^z - 2020-02-14