The Phillips Machine (MONIAC)
The Phillips Machine, or Monetary National Income Analogue Computer (MONIAC), is a hydraulic representation of cash flow within the UK economy in the early 20th century. It represents the circular flow of income (New Zealand Institute of Economic Research, 2015), shown by the economic equation Aggre...
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| Format: | Article |
| Language: | English |
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University of Huddersfield Press
2016-01-01
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| Series: | Fields |
| Online Access: | https://www.fieldsjournal.org.uk/article/id/444/ |