The Phillips Economic Machine
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About this listen
The MONIAC (Monetary National Income Analogue Computer), also the Phillips Hydraulic Computer and the Financephalograph, was created in 1949 by the New Zealand economist Bill Phillips to model the national economic processes of the United Kingdom, while Phillips was a student at the London School of Economics (LSE). The MONIAC is an analogue computer which used fluidic logic to model the workings of an economy. The MONIAC name is suggested by associating money and ENIAC, an early electronic digital computer.
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