The World3 model was a computer simulation of interactions between population, industrial growth, food production and limits in the ecosystems of the Earth. It was originally produced and used by a Club of Rome study that produced the model and the book The Limits to Growth. The principal creators of the model were Donella Meadows, Dennis Meadows, and Jørgen Randers.
The model was documented in the book Dynamics of Growth in a Finite World. It added new features to Jay W. Forrester's World2 model. Since World3 was originally created it has had minor tweaks to get to the World3/91 model used in the book Beyond the Limits, later improved to get the World3/2000 model distributed by the Institute for Policy and Social Science Research and finally the World3/2004 model used in the book Limits to growth: the 30 year update.
The model consisted of several interacting parts. Each of these dealt with a different system of the model. The main systems were
- the food system, dealing with agriculture and food production,
- the industrial system,
- the population system,
- the non-renewable resources system,
- the pollution system.
The simplest useful view of this system is that land and fertilizer are used for farming, and more of either will produce more food. In the context of the model, since land is finite, and industrial output required to produce fertilizer and other agricultural inputs can not keep up with demand, there necessarily will be a food collapse at some point in the future.
Nonrenewable resources system
The nonrenewable resource system starts with the assumption that the total amount of resources available is finite (about 110 times the consumption at 1990s rates for the world3/91 model). These resources can be extracted and then used for various purposes in other systems in the model. An important assumption that was made is that as the nonrenewable resources are extracted, the remaining resources are increasingly difficult to extract, thus diverting more and more industrial output to resource extraction.
Reference run predictions
The Dynamics of Growth in a Finite World book provides multiple different scenarios. The "reference run" is the one that the authors state "represent the most likely behavior mode of the system if the process of industrialization in the future proceeds in a way very similar to its progress in the past, and if technologies and value changes that have already been institutionalized continue to evolve." In this scenario, in 2000, the world population reaches 6 billion, and then goes on to peak at 7 billion in 2030. After that population declines because of an increased death rate. In 2015, both industrial output per capita and food per capita peak at 375 dollars/person (1970s dollars) and 500 vegetable-equivalent kilograms/person. The persistent pollution peaks in the year 2035 at 11 times 1970s levels.
Criticism of the model
There has been quite a bit of criticism of the World3 model. Some has come from the model creators themselves, some has come from economists and some has come from other places.
One of the major criticisms of the model is that it simply has not reflected the reality of the world since the 1970s when the model was first published. At least one study, however, claims that "30 years of historical data compare favorably with key features of a business-as-usual scenario called the 'standard run' scenario" produced by the World3 model.
- We have great confidence in the basic qualitative assumptions and conclusions about the instability of the current global socioeconomic system and the general kinds of changes that will and will not lead to stability. We have relatively great confidence in the feedback-loop structure of the model, with some exceptions which I list below. We have a mixed degree of confidence in the numerical parameters of the model; some are well-known physical or biological constants that are unlikely to change, some are statistically derived social indices quite likely to change, and some are pure guesses that are perhaps only of the right order of magnitude. The structural assumptions in World3 that I consider most dubious and also sensitive enough to be of concern are:
- the constant capital-output ratio (which assumes no diminishing returns to capital),
- the residual nature of the investment function,
- the generally ineffective labour contribution to output.
A detailed criticism of the model is in the book Models of Doom: A Critique of the Limits to Growth.
Both Julian Lincoln Simon and Bjørn Lomborg have discussed the assumptions that the model makes. The first assumption that they criticize is the assumption of finite natural resources. They also state that the limits on agriculture are invalid since they are based on the limit of the amount of land.
Vaclav Smil disagreed with the combination of physically different processes into simplified equations:
- But those of us who knew the DYNAMO language in which the simulation was written and those who took the model apart line-by-line quickly realized that we had to deal with an exercise in misinformation and obfustication rather than with a model delivering valuable insights. I was particularly astonished by the variables labelled Nonrenewable Resources and Pollution. Lumping together (to cite just a few scores of possible examples) highly substitutable but relatively limited resources of liquid oil with unsubstitutable but immense deposits of sedimentary phosphate rocks, or short-lived atmospheric gases with long-lived radioactive wastes, struck me as extraordinarily meaningless. 
He does however consider continuous growth in world GDP a problem:
- Only the widespread scientific illiteracy and innumeracy -- all you need to know in this case is how to execute the equation -- prevents most of the people from dismissing the idea of sustainable growth at healthy rates as an oxymoronic stupidity whose pursuit is, unfortunately, infinitely more tragic than comic. After all, even cancerous cells stop growing once they have destroyed the invaded tissues. 
The authors of the book Surviving 1,000 Centuries consider some of the predictions too pessimistic, but some of the overall message correct.
- ...[We] come to the well-known study, Limits to Growth, published under the sponsorship of the 'Club de Rome' - an influential body of private individuals. A first attempt was made to make a complete systems analysis of the rapidly growing human-biological-resource-pollution system. In this analysis the manifold interactions between the different parts were explicitly taken into account. The conclusion was that disaster was waiting around the corner in a few decades because of resource exhaustion, pollution and other factors. Now, 35 years later, our world still exists, ... So the 'growth lobby' has laughed and proclaimed that Limits to Growth and, by extension, the environmental movements may be forgotten. This entirely misses the point. Certainly the timescale of the problems was underestimated in Limits to Growth, giving us a little more time than we thought. Moreover, during the last three decades a variety of national or collaborative international measures have been taken that have forced reductions in pollution, as we shall discuss. A shining example of this is the Montreal Protocol (1987) that limited the industrial production of fluorocarbons that damage the ozone layer and generated the 'ozone hole' over Antarctica. The publication of Limits to Growth has greatly contributed towards creating the general willingness of governments to consider such issues. Technological developments have also lead to improvements in the efficiency of the use of energy and other resources, but, most importantly, the warnings from Malthus onward have finally had their effect as may be seen from the population-limiting policies followed by China and, more hesitantly, by India. Without such policies all other efforts would be in vain. However, the basic message of Limits to Growth, that exponential growth of our world civilization cannot continue very long and that a very careful management of the planet is needed, remain as valid as ever. 
- Dynamics of Growth in a Finite World, pg 502
- Dynamics of Growth in a Finite World, pg 500
- Turner, G. (2008). "A comparison of the Limits to Growth with 30 years of reality". Global Environmental Change 18 (3): 397–411. doi:10.1016/j.gloenvcha.2008.05.001.
- Groping in the Dark: The First Decade of Global Modelling (Page 129)
- Models of Doom, A Critique of the Limits to Growth, edited by H.S.D. Cole, Christoper Freeman, Marie Jahoda, and K.L.R. Pavitt. 1973 ISBN 0-87663-905-8
- Energy at the Crossroads ISBN 0-262-69324-0 pg 168
- Energy at the Crossroads ISBN 0-262-69324-0 pg 338-339
- Surviving 1,000 Centuries ISBN 978-0-387-74633-3 pg 4-5 Roger-Maurice Bonnet and Lodewijk Woltjer.
- World3-03 Simulator - runs scenarios discussed in Limits to Growth the 30-Year Update
- Interactive online World3 simulation
- The Institute for Policy and Social Science Research
- Macintosh version of the Simulation by Kenneth L. Simons
- Running the World3 model on a pc
- Implementation of the World3 model in the simulation language Modelica
- Dynamics of Growth in a Finite World, by Dennis L. Meadows, William W. Behrens III, Donella H. Meadows, Roger F. Naill, Jorgen Randers, and Erich K.O. Zahn. 1974 ISBN 0-9600294-4-3
- World Dynamics, by Jay Wright Forrester. 1973 ISBN 0-262-56018-6
- The Limits to Growth (Abstract, 8 pages, by Eduard Pestel. A Report to The Club of Rome (1972), by Donella H. Meadows, Dennis l. Meadows, Jorgen Randers, William W. Behrens III)
- Limits to Growth, The 30-Year Update, by Dennis Meadows and Eric Tapley. 2004 CDRom with World3-2004 model. ISBN 1-931498-85-7