Our growing understanding of complex systems, including ecosystems, has challenged the prevailing economic model of a closed circular flow of production and consumption. This model has been described ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

To put it plainly, we need one another. The economy is interrelated — as captured by the circular flow diagram, a core economic model. We need businesses. Businesses create jobs for households and ...