Stocks and Flows
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Stocks and Flows
I actually think stock and flow is a useful metaphor for media in the 21st century. Here’s what I mean:
Flow is the feed. It’s the posts and the tweets. It’s the stream of daily and sub-daily updates that reminds people you exist.
Stock is the durable stuff. It’s the content you produce that’s as interesting in two months (or two years) as it is... See more
Flow is the feed. It’s the posts and the tweets. It’s the stream of daily and sub-daily updates that reminds people you exist.
Stock is the durable stuff. It’s the content you produce that’s as interesting in two months (or two years) as it is... See more
You can adjust the drain or faucet of a bathtub—the flows—abruptly, but it is much more difficult to change the level of water—the stock—quickly. Water can’t run out the drain instantly, even if you open the drain all the way. The tub can’t fill up immediately, even with the inflow faucet on full blast. A stock takes time to change, because flows
... See moreDonella H. Meadows • Thinking in Systems: International Bestseller
Two Economies, Not One
As I have written in previous posts, the are two economies, not one. One is the Flow Economy that produces goods and services. The other is the Balance Sheet Economy that stores wealth